Egypt’s Banknbox Wraps Up Undisclosed Funding from Disrupteh
This investment supports the startup's growth into new areas and improves its capacity to adapt to changing customer needs.
DisrupTech Fund—a venture capital firm with a focus on financial technology—has announced its strategic investment in Cairo-based financial services company Banknbox, according to an announcement.[1]
Banknbox will offer inclusive solutions that were not previously accessible to small and medium-sized banks and financial technology companies.
In addition, this investment supports Banknbox's growth into new areas and improves its capacity to adapt to changing customer needs, which is in line with the larger goals of DisrupTech Fund, which makes investments in a range of businesses.
Having created an internal suite of digital services, Banknbox prioritizes affordability, compatibility, and flexibility.
Phone banking apps, online banking, tokenization services, electronic wallets, e-KYC services, chatbots, open banking APIs, artificial intelligence, automated branch services, and communication services technology are some of these services.