Riyadh - Sharikat Mubasher: Edafa Venture Capital, a pioneering Saudi-Egyptian investment company, invested EGP 1.5 million in Bekya Pay, a leading waste management tech-driven startup based in Egypt, to fuel its expansion plans.

Bekya Pay will use this investment to expand its operations in several governorates across Egypt and broaden its customer base, a recent statement revealed.

The Egyptian startup provides an innovative solution for collecting non-hazardous solid waste from institutions and homes, offering a passive income in the form of cash or food commodities. This model encourages responsible waste management while giving households an extra income stream to help with expenses.

Omar Saleh, Co-Founder of Bekya Pay, stated that the company plans to expand beyond Egypt within the next three years, starting with Saudi Arabia and UAE.

He revealed that Bekya Pay also aspires to increase the number of beneficiaries to 5,000 families and 50 businesses by the end of 2025. 

Bekya Pay is currently benefiting around 1,000 families and 20 businesses including several schools and universities. It connects businesses and individuals to efficient recycling services to promote sustainability, reduce landfill waste, and create a cleaner environment through smart technology and community engagement.

Bekya Pay turns waste into a valuable resource, helping both individuals and institutions reduce environmental impact and improve financial stability. 

It is worth mentioning that Edafa Venture Capital plans to invest more than $30 million in the Egyptian market throughout the next three years.