Cairo-based digital bank Telda has raised $ 5 million as part of a pre-seed funding round. This is the largest pre-seed transaction in both MENA and Africa yet – Autochek previously raised the largest pre-seed at $ 3.4 million.
The roundtable was led by Sequoia Capital, an American venture capital firm with the participation of Global Founders Capital and Berlin-based Class 5 Global, which football star Mesut Özil joined as a partner. strategic.
“Telda is the first digital bank in Egypt, allowing customers to create a free account in seconds, receive a free Telda card to use online, in stores, withdraw money from any ATM in the world. whole world. Telda customers will also be able to send and receive money instantly and for free from friends, family and anyone with a mobile phone, as easy as sending a WhatsApp message, ”Ahmed said. Sabbah, CEO of Telda.
For his part, Telda’s technical director, Youssef Sholqamy, added: “Today’s funding milestone promotes the digital transformation of the Egyptian economy and enables Telda to provide access to financial services to all. important so that they can participate fully in the economy ”.
As a reminder, Telda was founded in March 2021 by Ahmed Sabbah and Youssef Sholqamy.
