Egyptian FinTech Khazna secures $16M to transform banking access and expand into Saudi Arabia 🇸🇦🏦; PayPal's strategic reset shows promise, but market share concerns overshadow progress 🤔📊

FinTech is Eating the World, 5 February

Hey Everyone,

Good morning & happy Wednesday! Today we’re looking at Egyptian FinTech Khazna which just secured $16M to transform banking access and expand into Saudi Arabia (what it tells us & what can we expect next), and PayPal's strategic reset that’s showing promise, but market share concerns overshadow progress (deeper dive into their Q4 2024 financials, what they mean, what’s next & whether PayPal is worth your time and money in 2025). So let’s jump straight into the cool stuff 🌶️

Egyptian FinTech Khazna secures $16M to transform banking access and expand into Saudi Arabia 🇸🇦🏦

The news 🗞️ Khazna, an Egyptian FinTech startup founded in 2019, has secured $16 million in pre-Series B funding, bringing its total funding to over $63 million.

The company has established itself as a significant player in Egypt's financial inclusion landscape by providing essential banking services to underserved populations, particularly those earning below the minimum wage.

Let’s take a quick look at this.