Tiger Global-Backed Axis Launches Digital Payments Platform For Egyptian Smes Months After Its $8.25M Seed
Tiger Global-Backed Axis Launches Digital Payments Platform For Egyptian Smes Months After Its $8.25M Seed
05/17/23, 9:08 AM
Location
pembroke
Money raised
$8.25 million
Industry
financial services
Round Type
seed
Egyptian fintech Axis has launched its digital payments platform to the North African market after securing a license from the apex bank, Central Bank of Egypt (CBE), for its open-loop mobile wallet, axisPay, which offers a digital banking alternative for small businesses and their employees.
Company Info
Location
pembroke, hamilton, bermuda
Additional Info
AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders’ equity of $5.0 billion at June 30, 2023, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor’s and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.
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