Founded in May 2019, located in Cairo, Egypt, Capiter provides payment methods that offer on demand cash flow solutions for small to medium sized businesses. Capiter aims at offering their customers a full fintech experience. You can apply for our services at our website: www.capiter.net

2) The rise of lending in different modes. We’re seeing consumer finance products like ValU and Qasatly, credit scoring tools like Raseedi, and credit solutions for businesses like Capiter. ROSCAs (Rotating Savings And Credit Association) based models like MoneyFellows and Elgam3eya are also becoming popular.

STARTUP WATCH- E-commerce company Capiter plans to invest EGP 500 mn next year to expand its geographical presence and the network of its SME clients, CEO and founding partner Mahmoud Nouh said, according to Al Mal. The Cairo-based company, which was founded in May 2019, operates an app that connects small and medium companies to suppliers.

The fund is backed by some of the largest family offices and business leaders from Egypt and the MENA region​.​The strategy is the first of its kind in Egypt, utilizing local know-how and private capital to support & build solid foundations for its portfolio.FV has Lead and Co-Lead four highly sought after deals during its initial deployment, investing in two Fintech companies, Capiter & Nowpay, one in consumer internet/entertainment, Minly, and one in logistics (operating in stealth).

First investmentsFoundation Ventures has already made four investments – only one of which has been announced publicly. It led or co-led all the four rounds it invested in. The investments include:Capiter: A B2B ecommerce marketplace co-founded and led by Swvl’s co-founder and former COO Mahmoud Nouh. The startup had started with a lending product, offering cash flow solutions to small retailers but has recently expanded its offering to launch a B2B marketplace as well for grocery stores in Egypt. Foundation Ventures led Capiter’s recently closed investment round.

Capiter reads like a tech-enabled provider of factoring services, writing that the company “pays suppliers immediately” when they sell to a client and then “collects the payments from [the clients] on flexible payment plans.” Capiter is currently in conversation with different investors in the region, Menabytes claims, to raise money to support its growth.

Capiter is a financial technology company that offers smart cash flow & credit solutions to businesses. Capiter empowers businesses to increase their sales, grow their customer base and improve their cash flow. We’re building and scaling our products in the F&B and agri sectors. We’re hiring top talents. We offer competitive packages, unique growth opportunities and an environment of a highly talented and diverse team. Specialities: Cash flow & credit solutions to businesses

The startup intends to expand its geographical presence nationwide, besides its network of small enterprises, Nouh elaborated.Founded last year, Capiter is a mobile app connecting grocery stores and retail markets to leading food suppliers in the country, the CEO added.The company also plans to start its expansion with Alexandria and the Nile Delta area over the coming period, Nouh said.

“Capiter’s unique technologies and sophisticated ML models empower businesses to increase their sales, grow their customer base and improve their cash flow,” the startup notes on its LinkedIn page.

Capiter is a B2B marketplace that brings together FMCGs, wholesalers, and merchants on one platform, enabling merchants to order their products through an eCommerce checkout and receive credit on their purchases. Currently, it is serving over 30.000 merchants and 150+ FMCGs and wholesalers with a team of close to 100 people.

Another startup is Apollo Agriculture which raised $6 million Series A, akin to Pula. Not only did the pair raise the same round, Apollo Agriculture and Pula both deal with providing financial resources to smallholder farmers.

At Pula, we are radically restructuring agricultural insurance, using technology to insure the previously unbanked, uninsured, untapped market of 1.5 billion smallholders worldwide. We work in nine countries across Africa and Asia, and in 2017 alone, we facilitated crop and livestock insurance cover to 611,000 farmers in Kenya, Rwanda, Uganda, Nigeria, Ethiopia and Malawi.

Pula, a five-year old insurtech startup, provides small scale farmers with agricultural insurance to help manage the risk of enduring extreme conditions. Insurtech is one of the fast-growing sub-sectors of the fintech, which has booming with investors in African startups.

Bankai GroupBankai Group is a telecommunications company specializing in billing, routing, and VoIP Solutions.

JUMO offers a wide range of services to users in emerging markets via partnerships with other financial institutions

JUMO offers financial services infrastructure to third parties and has served over 15 million customers across countries, including Ghana, Kenya, Pakistan, and Tanzania, and it plans to use the fresh capital to launch new products and expand into new markets: It's set to launch in Bangladesh, India, Côte d'Ivoire, and Nigeria soon, per its website.

South African fintech JUMO scooped up $55 million in funding

Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.

Hello Paisa is a mobile based remittance service provider to and from South Africa. The service is based over HomeSend's mobile remittance hub. User can send and receive cash to bank account, wallet or at partnered locations.

As it grows abroad, Paga faces greater competition in Nigeria. For the last decade, South Africa and Kenya — with the success of Safaricom’s  M-Pesa product — have been Africa’s standouts in digital payments.But over the last several years, Nigeria has become a magnet for VC and fintech startups. This trend reached a high-point in 2019 when Chinese investors put $220 million into Opera owned OPay and Transsion backed PalmPay — two fledgling startups with plans to scale in Nigeria and broader Africa.

With its Apposit acquisition and continued expansion, PayPal may become more than a model for Paga.Founder Tayo Oviosu sees big fintech players, such as PayPal and Alipay, as future competitors with Paga’s plans to move into more emerging markets.

Visa has entered a partnership with Nigeria based startup Paga on payments and technology.Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia and Mexico.The startup has created a multi-channel network for over 14 million customers in Nigeria to transfer money, pay-bills and buy things digitally through its mobile-app or 24,840 agents.The new arrangement allows Paga account holders to transact on Visa’s global network. It will also see both companies work together on tech.The collaboration reflects a strategy of the American financial services giant to expand in Africa working with the continent’s top startups.

Flutterwave and Simbapay are shining examples of this recent development. With Mergims, Sawapay and Sendwave in their back chasing them.

Founded by Nyasinga Onyancha, Simbapay is in London and caters to Kenyan and Nigerian recipients.Countries that can use the service include; the UK, Ireland, Italy, Spain, France and Germany.The platform allows money transfer to a bank account and mobile wallet like M-pesa, Paga or Airtel Money.