Riyadh – Sharikat Mubasher: Cairo-based fintech startup Khazna received new investment as part of its previously announced $16 million pre-Series B round, with Tibas Ventures, the venture arm of Turkey’s İşbank, joining the roster of backers.
Khazna first revealed the round in February 2024, but Tibas Ventures only recently confirmed its participation. The round already included investors such as Speedinvest, SANAD Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona Capital, and DisrupTech Ventures.
Khazna is focused on enhancing financial inclusion and accelerating digital transformation in Egypt—a mission the company is now expanding to Saudi Arabia.
Through its mobile application, Khazna serves underbanked consumers and micro-enterprises, offering a suite of tech-enabled financial solutions. These include salary- and pension-backed loans, earned wage access (EWA), buy now, pay later (BNPL) services, and bill payments.
The fresh funding will likely support Khazna’s regional expansion and further development of its platform as it looks to serve untapped segments across the MENA region.
