News

Egypt’s Largest Banks Back New Fintech-Focused Fund From Global Ventures

Source: Disrupt Africa

Egypt’s largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – have partnered Global Ventures, a leading MEA-focused venture capital firm, to launch fintech-focused investment fund Nclude, following approval by the Central Bank of Egypt.

The fund is an implementation of the country’s strategic vision to support young innovators, with Nclude by Global Ventures to focus on accelerating fintech innovation and driving financial inclusion.