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Tamweely: An Egyptian Matchmaking Platform for Startups and Investors

September 12, 2021
Photo via Analytics India Magazine

As Egypt moves steadily towards promoting digital financial inclusion, the cabinet as well as local and international business organisations are pushing towards a revolutionary economic transition. Although millions of Egyptians still prefer to keep their money at home instead of using banks, the Egyptian government is keen on changing the narrative. During the past three years, the Center for International Private Enterprise (CIPE) significantly contributed to Egypt’s transition towards a cashless economy, facilitating access to financial services, streamlining reforms, digitizing payless solutions to limit cash transactions, and eventually improving public services. An affiliate of the U.S. Chamber of Commerce, CIPE strives to promote legal and market-oriented reform through its partnerships with business associations, NGOs, local private sector leaders, and think tanks. With more than 60 percent of Egypt’s population constituting youth, the country’s economy is slowly becoming more and more startup-centric and investment-oriented. Home to countless investment opportunities, and millions of ambitious youthful dreams, Egypt currently boasts one of the fastest-growing startup ecosystems in the MENA region. To connect these startups with relevant investment opportunities, the Center for International Private Enterprise (CIPE) launched ‘Tamweely’ (My Finance) in 2017. Egyptian Streets…

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