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Axis raises $8.25m in Seed funding

Cairo based mobile wallet and digital payments platform raised $8.25m in Seed funding led by Tiger Global, Sawari Ventures and Raba.

“Think of us like an M-Pesa for small businesses in Egypt. We help these small businesses that are heavily cash reliant and pay their employees, suppliers and B2B payments in cash and provide digital payments alternative for them. We’re also solving a consumer pain point and tackling financial inclusion both ways,” said Abdelnour on the call.

Tags

mena, wallet, payments, b2b, b2c