SETTLE PAYMENTS, the Egyptian fintech platform, has raised $2 million in a Pre-Seed round led by Shorooq Partners, with participation from ElSewedy Capital Holding, Acasia Ventures, and Plus VC.

Why it Matters? One of the earliest solutions that helps businesses and companies in Egypt to automate money transfers.

More to Know:

• The company was founded by Kamil Sayour and Mostafa Mobarak in 2023.
• It focuses on providing payment solutions to businesses to facilitate money transfers between companies through banks.
• SETTLE allows companies to integrate their ERP systems with its platform, manage their bank accounts, and automate payments and transactions.