Khazna Secures $16M in Series B to Revolutionize Financial Access for 20M+ Underbanked Egyptians

Khazna is excited to announce a major milestone in our journey to revolutionize financial access in Egypt. We have successfully raised $16,000,000 in our latest funding round, which marks a significant step forward in our mission to improve the financial well-being of over 20 million underbanked Egyptians. Founded in April 2019, Khazna was established with a clear vision: to provide secure, convenient, and effective smartphone-based financial services to individuals who have had limited access to formal banking institutions. Our breakthrough innovation in fintech seeks to empower everyday Egyptians by offering them reliable, easy-to-use digital financial tools, helping them manage their money better and begin building a brighter financial future. This new capital will be pivotal in accelerating our growth and expanding our service offerings. We plan to invest in developing robust technology infrastructure, enhancing our digital platforms, and scaling our operations throughout the country. Additionally, the funds will enable us to conduct deeper outreach and educational initiatives to bring financial literacy to communities that need it most. Under the leadership of our experienced team, which brings over 50 years of combined global expertise in finance, corporate strategy, and technology, Khazna is uniquely positioned to tap into the burgeoning digital finance landscape. The support from both local and international fintech investors and funds reaffirms our commitment to driving this digital transformation. With this fresh injection of capital, we are energized to intensify our efforts, spawn innovative solutions, and continue playing a pivotal role in the financial inclusion revolution that is reshaping Egypt’s future.