Egyptian FinTech Cassbana Raises USD 1 Mn in Seed Funding

Egyptian Fintech startup Cassbana has raised USD 1 Mn in a seed round led by Egyptian fintech-focused VC fund Disruptech and other undisclosed investors.

Launched in June 2020, Cassbana is a micro-lending startup building financial identities for those who don’t use conventional banking services in Egypt. It enables financial institutions and companies to create lending and financial support solutions for their customers by assigning credit scores.