Fintech
Egyptian fintech Sahl closes a double round at $6 million
Egyptian fintech Sahl closes a double round at $6 million
The Cairo-based startup Sahlraised $6 million in Series A and seed funding to serve as a one-stop shop for household bills in partnership with government entities. Ayady for Investment and Developmenta leading Egyptian investment firm with a strong track record of supporting innovative startups, led the Series A round, joining existing investors Egypt Pay, Delta Electronic Systems and Electronic finance on the hat table.
Sahl, founded in 2020 by Ahmed Othman, Ibrahim Assal and Abullah Assal, is a bill payment platform that allows users to top up prepaid cards. The company will leverage these funds to refine and develop new offerings, prioritizing a simple, secure and time-saving user experience. Following the successful regional launch in the UAE, Sahl plans to further expand its regional presence by opening offices in Saudi Arabia and strengthening its position in Egypt and beyond.