Egypt’s Youth secures EGP 1 mn in funding

user icon
NOHA.GAD
calender icon
Dec 9, 2024
article image

Cairo - Sharikat Mubasher: Youth, the first student discount application in Egypt, raised EGP 1 million (around $20,000) in funding through the student entrepreneurship show, Gen-Z, the startup announced in a statement.

With more than 60 brand partnerships, the Youth application provides students with exclusive discounts in various sectors including fitness, dining, shopping, and entertainment.

This funding came as part of a broader initiative led by the Egyptian Ministry of Higher Education and Scientific Research, the Innovators Support Fund (ISF), and United Media Services.

Founded by Malak Elleithy, Youth caters to the needs of Egyptian Youth and aims to reshape student experiences across Egypt.

The Gen-Z show offers young entrepreneurs a platform to overcome financial, technical, and logistical challenges. It provides invaluable mentorship from leading business figures like Tarek Kamel, CEO of Nestlé Egypt, and Mohamed Shelbaya, CEO of PepsiCo Africa and Egypt.  


Share

Related News

Corporate sector captures 54% of bank loans in H1-25
News
Calendar Icon
November 13, 2025
Corporate sector captures 54% of bank loans in H1-25
Read More
Workey secures strategic investment from Falak Investment Hub
News
Calendar Icon
November 10, 2025
Workey secures strategic investment from Falak Investment Hub
Read More
Saudi FraudTech Rased closes pre-seed round led by Wa’ed Ventures
News
Calendar Icon
November 10, 2025
Saudi FraudTech Rased closes pre-seed round led by Wa’ed Ventures
Read More
Ambersand closes SAR 1.5 mn pre-seed round to transform compliance automation
News
Calendar Icon
November 9, 2025
Ambersand closes SAR 1.5 mn pre-seed round to transform compliance automation
Read More
Saudi PropTech Builtop raises $11mn led by TAM Capital
News
Calendar Icon
November 9, 2025
Saudi PropTech Builtop raises $11mn led by TAM Capital
Read More
Kafalah expects SME loans to reach SAR 24 bn by year-end
News
Calendar Icon
November 4, 2025
Kafalah expects SME loans to reach SAR 24 bn by year-end
Read More
Stream closes $4mn seed round to transform business payments in MENA
News
Calendar Icon
November 3, 2025
Stream closes $4mn seed round to transform business payments in MENA
Read More
Tali Ventures leads $6mn Series A round in Bonat
News
Calendar Icon
November 3, 2025
Tali Ventures leads $6mn Series A round in Bonat
Read More
Rmz.ai raises 100K in pre-seed round to develop AI assistants
News
Calendar Icon
October 30, 2025
Rmz.ai raises 100K in pre-seed round to develop AI assistants
Read More
WTDcare closes pre-seed round to redefine digital healthcare in Saudi Arabia
News
Calendar Icon
October 30, 2025
WTDcare closes pre-seed round to redefine digital healthcare in Saudi Arabia
Read More