Egypt’s AI fintech startup, Palm, has closed a Pre-Seed round led by 4DX Ventures, with participation from Plus VC and several angel investors. The startup didn’t disclose the value but said it’s a six-figure round.

More to Know:

• PALM offers a wealth management platform focused on savings solutions.
• It helps users save for various needs such as education, healthcare, marriage, and travel through investment tools supported by incentives and discounts via a merchant network.
• Will use the funds to expand its user base, develop its products, and strengthen strategic partnerships.
• Founded by Mazen El Kerdany and Ahmed Ashour in 2024.

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