Khazna

Khazna

Fintech app: prepaid card, cash advances

Overview

Khazna is a fintech in Egypt that serves the underbanked and middle-income through a single super app offering four main services: Khazna Card (a prepaid card), Khazna General Purpose (cash advances tied to income), Khazna for Business (merchant services), and Khazna Bazaar (bill payments and e-commerce). Users get a prepaid card to spend, pay bills, and access cash advances; merchants can use tools to accept payments and manage their business; the app combines these financial services with an online marketplace. It differentiates itself by focusing on Egypt’s large underbanked population, partnering with major local entities like Telecom Egypt, and providing an integrated platform that covers consumer finance, cash access, merchant services, and bill/e-commerce functions. The goal is to improve financial well-being by offering accessible and convenient financial solutions to people with limited traditional banking access.

About Khazna

Simplify's Rating
Why Khazna is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consumer Software

Fintech

Financial Services

Company Size

201-500

Company Stage

Seed

Total Funding

$66.1M

Headquarters

Cairo, Egypt

Founded

2019

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Simplify's Take

What believers are saying

  • Khazna raised $16 million in February 2025, lifting total funding above $63 million.
  • Management targeted mid-2026 Egyptian digital-banking approval to cut borrowing costs.
  • Khazna counted 439 employees by June 2026, showing meaningful operating scale.

What critics are saying

  • Central Bank of Egypt approval still gates deposits, and any delay blocks cheaper funding.
  • NowPay and MNT-Halan squeeze Khazna’s salary-advance pricing and employer distribution in Egypt.
  • Without a deposit-taking license, Khazna stays funding-constrained and loses to better-capitalized rivals.

What makes Khazna unique

  • Khazna underwrites salaried Egyptians through employer-linked earned wage access and prepaid rails.
  • Its super app bundles credit, bill pay, cards, and merchant services in one distribution loop.
  • Saudi expansion targets Egypt-Saudi remittances and diaspora demand, not generic consumer fintech.

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Funding

Total Funding

$66M

Above

Industry Average

Funded Over

8 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$2M
Netflix
$2M
Khazna
$2.3M
Instacart
$3M
Robinhood

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
Swipeline
May 2nd, 2025
Khazna secures $16M in Series B funding

Egyptian fintech Khazna secured $16 million in a Series B funding round with participation from TIBAS Ventures, the VC arm of Türkiye İş Bankası. Other investors included Speedinvest, SANAD Fund for MSME, anb capital, AlJazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona Capital, and DisrupTech Ventures. Khazna plans to use the new investment to apply for a digital banking license from the Central Bank of Egypt and expand its user base and financial services.

Fintech Gate
Apr 6th, 2025
Exits Mena Facilitates Khazna's $16M Deal

Exits Mena successfully facilitated a secondary share purchase deal where DisrupTech Ventures acquired an additional stake in Khazna from CIB Egypt. This move strengthens DisrupTech's investment in Khazna, a leading fintech company in Egypt, which recently raised $16 million in a Pre-Series B funding round. The transaction highlights the growing demand for secondary transactions in Egypt's fintech sector, supporting dynamic and sustainable investment opportunities.

Rasmal
Mar 3rd, 2025
MENA Startups Raise $494 Million in February 2025, Marking a 371% MoM Surge

Ula and Merit Incentives raised $28 million each in their Series B rounds, while Taager and Khazna secured $6.7 million and $16 million, respectively, in their pre-Series B rounds.

Tech Gist Africa
Feb 16th, 2025
Khazna raises $16M for Saudi expansion

Egyptian fintech startup Khazna has raised $16 million in a pre-Series B round, bringing its total funding to over $63 million. The investment will support its expansion into Saudi Arabia and enhance its financial services. Investors include SANAD Fund for MSME, anb Seed Fund, and others. Khazna plans to apply for a digital banking license to offer more comprehensive services. Co-Founder and CEO Omar Saleh emphasized the company's commitment to financial inclusion in the MENA region.

WeeTracker
Feb 6th, 2025
Khazna Raises USD 16 M Pre-Series B To Expand Digital Banking In Egypt & Beyond

Khazna raises USD 16 M pre-series B to expand digital banking in Egypt & beyond.

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