The Egyptian Association Company focuses on digitizing traditional savings groups, making it easier for people to save and manage money through technology.
The company has just raised a new investment worth millions of dollars, with the funding round led by Ayady Investment and Development Company.
Several well-known companies took part in this investment round. These include Jedar Capital, Cubit Ventures, Venture Notes, and PMaestro.
Along with these companies, a group of individual investors, known as angel investors, also joined the funding round.
The company will use the new funding to grow its services and improve its digital products. The goal is to help more people—especially those without easy access to regular banks—get the financial services they need.
The association was founded in 2020 by Ahmed Abedin. It provides a mobile app that helps people join digital savings groups.
These savings groups are flexible—you can choose how much to save, for how long, and when to receive your money. The app also keeps all transactions secure and transparent.
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