Tech Company Financing Transactions
Telda Funding Round
Global Founders Capital, Sequoia Capital and Block participated in a $20 million Seed funding round for Telda. The round was announced on 10/12/2022.
Transaction Overview
Company Name
Announced On
10/12/2022
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Seed
Investors
Proceeds Purpose
The new funding demonstrates continued confidence in what Telda can achieve in the ever-growing Egypt and MENA fintech market. The consumer money app says the investment will allow it to pursue its mission of fully and seamlessly digitizing Egyptians' use and concept of money, including the "crucial social element" to sending, spending and saving money.
Company Information
Company Status
Private & Independent
Industry
Consumer
FinTech
FinTech
Mailing Address
11 Almaza Street
Heliopolis, Undisclosed
Cairo Egypt
Heliopolis, Undisclosed
Cairo Egypt
Phone
Undisclosed
Website
Email Address
Overview
Telda is a financial brand built for Millennials and GenZ to take the pain out of peer-to-peer payments. We are bringing a better way to send, spend and save to anyone who has ever sought an alternative to the traditional banking system.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ahmed Sabbah
Chief Financial Officer
Antonina Nikitina
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