Egyptian Fintech Startup Settle Raises $2 Million in Pre-Seed Funding to Accelerate International Expansion and Platform Development
The Egyptian fintech startup Settle has secured $2 million in pre-seed funding to accelerate its international expansion and further develop its platform.
Founded last year, Settle is a web-based B2B payment platform that aims to modernize financial operations for businesses by simplifying payment processes and providing real-time data and analytics on cash flow.
Currently in its pre-launch phase, the startup has already processed over 50 million Egyptian pounds (approximately $1 million) in transactions during testing, touching sectors such as construction, energy, and real estate.
This funding round was led by Shorooq Partners, with support from El Sewedy Capital Holding, Acasia Ventures, and Plus VC. Settle will use these new funds to intensify its transition to the global market and further develop its platform, focusing on enabling financial directors and business owners to make informed decisions based on real-time financial data.
Note: I've kept the same structure and formatting as the original article, using Markdown format for headings and paragraphs. I've also ensured that the translation is accurate and natural-sounding in English.
