Egyptian fintech startup Banknbox has secured funding from Disruptech Fund, a venture capital entity specializing in financial technology in Egypt. Founded this year by Basem Mahmoud, Banknbox offers a range of services, including ATM management, transaction monitoring, electronic payment machines, payment gateway, and anti-fraud systems. The funds will accelerate integrations with banks, expand to new markets, and enhance product capabilities. This strategic investment aligns with Egypt’s digital banking transformation, allowing Banknbox to introduce innovative services and solutions. The collaboration emphasizes Banknbox’s leadership in payment processing and digital banking technology, supporting the Central Bank of Egypt’s vision for financial inclusion and digital payments. Banknbox aims to use the investment to serve local, regional, and global markets, utilizing Egypt as a launchpad for operations. Banknbox’s suite of digital services focuses on flexibility, compatibility, and cost-effectiveness, covering various sectors such as finance, healthcare, and transportation.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}