Egypt-based Digital Finance Holding (DFin Holding) has launched its fintech-focused platform aiming to build and finance the emerging tech-enabled financial services companies in Egypt and the Middle East and North Africa (Mena) region, with plans to launch a venture debt financing fund, Camel Ventures, digital financing platform solution (Shekra), robo-advisory and digital wealth management solution (Optofolio).

The company is currently fundraising for its fund, expected to launch in the second quarter of 2021.

DFin Holding is a tech-based financial services platform regulated by the Egyptian Financial Regulatory Authority (EFRA) and focuses on supporting the growth of fintechs in the non-banking financial services industry.  

DFin Holding’s current startup portfolio includes fintech supply chain financing platform (Cayesh) and cloud-based HR management software platform (Paynas).

“Fintech has become a clear cornerstone for economic growth and financial inclusion that is cross cutting across various sectors and industries. Based on the tremendous untapped market size and the pool of tech-savvy and innovative talent residing in Egypt, DFin is developing the appropriate and efficient infrastructure that enables the platform to grow as a fintech powerhouse in the region, and represents a clear growth opportunity with a positive societal impact,” said Khaled Hegazy, chairman of DFin Holding.

Shehab Marzban, CEO and founder of DFin Holding said: “We are venture builders, here to create value and to positively contribute to the fintech industry in Egypt by providing faster go-to-market capabilities through technology, synergy creation and mutually beneficial alliances and partnerships with the different stakeholders capitalizing on everyone’s strength.

“Through Camel Ventures, we aim to complement the ecosystem of venture capital players by providing new financing options that address the actual capital needs of startups, thus helping them flourish while strengthening their current shareholder structure. This newly introduced vehicle also provides an attractive and favorable investment product for potential investors such as financial institutions, banks and family offices,” Marzban added.