Egypt’s Swypex closes $4mn seed round

user icon
NOHA.GAD
calender icon
May 7, 2024
article image

Cairo- Sharikat Mubasher: Swypex, an emerging financial management platform based in Egypt, secured $4 million in a seed round led by Accel, with participation from Foundation Ventures, The Raba Partnership, and angel investors, a recent statement revealed.

Following this investment, Swypex launched an all-in-one financial platform to eliminate financial inefficiencies and unlock a business’s full potential.  

Swypex consolidates payments, invoice management, and smart corporate cards on a unified platform, providing a wide range of products that empower businesses to automate financial workflows and make payments with ease.

Ahmad Mokhtar, CEO of Swypex, stated that Swypex was designed to provide Egyptian businesses with the efficiency and growth they deserve.

“By empowering businesses with the most powerful corporate card in Egypt, paired with our all-in-one financial platform, we will help businesses simplify their financial operations and improve their financial health,” Mokhtar added.

Swypex’s unified and intuitive financial platform scales with each business, saving them time and money.


Share

Related News

RAKBANK, Mastercard cooperate on powering UAE digital payment innovation
News
Calendar Icon
July 15, 2026
RAKBANK, Mastercard cooperate on powering UAE digital payment innovation
Read More
Tabby unveils new identity, launches ‘Tabby Cash’ to expand beyond BNPL
News
Calendar Icon
July 15, 2026
Tabby unveils new identity, launches ‘Tabby Cash’ to expand beyond BNPL
Read More
stc pay Bahrain, PIE team up to expand QR payments
News
Calendar Icon
July 14, 2026
stc pay Bahrain, PIE team up to expand QR payments
Read More
Creditline secures SAMA license to provide microfinance services
News
Calendar Icon
July 14, 2026
Creditline secures SAMA license to provide microfinance services
Read More
Spare, Xsquare launch ‘Pay by Bank’ solution for UAE businesses
News
Calendar Icon
July 13, 2026
Spare, Xsquare launch ‘Pay by Bank’ solution for UAE businesses
Read More
Mastercard study: 77% of SMEs in Saudi Arabia accept online payments
News
Calendar Icon
July 8, 2026
Mastercard study: 77% of SMEs in Saudi Arabia accept online payments
Read More
UAE Central Bank grants Taptap Send 3 financial services licenses
News
Calendar Icon
July 8, 2026
UAE Central Bank grants Taptap Send 3 financial services licenses
Read More
TotalPay expands into Saudi Arabia with SAMA PTSP approval
News
Calendar Icon
July 7, 2026
TotalPay expands into Saudi Arabia with SAMA PTSP approval
Read More
PoS sales in Saudi Arabia exceed SAR 189 bn in Q1-26
News
Calendar Icon
July 1, 2026
PoS sales in Saudi Arabia exceed SAR 189 bn in Q1-26
Read More
SAMA launches enhanced Regulatory Sandbox Service online
News
Calendar Icon
June 28, 2026
SAMA launches enhanced Regulatory Sandbox Service online
Read More