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Egypt: Neobank Telda Raises $5 Million in Pre-Seed Round Led by Sequoia
May 18th, 2021 - 12:00 GMT

Egypt: Neobank Telda Raises $5 Million in Pre-Seed Round Led by Sequoia

Telda , a Cairo-based digital banking application, has raised $5 million during its pre-seed funding round organized by US firm Sequoia Capita It was the first investment for the American venture capital firm in the Middle East and North Africa. Global Founders capital and Class 5 Global also participated in the round. The app recently announced it has received a license from Egypt’s central bank to issue cards and on-board ...
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