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Telda provides a mobile-based digital banking experience that lets individuals send, spend, and save money through a single app. Users can order a Telda card with just their ID and receive it instantly at no fees, then use the card for online and in-store purchases as well as ATM cash withdrawals worldwide. The app supports instant person-to-person transfers, budgeting with spending categories, and secure features like biometric login and the ability to lock a lost card via a controls page, plus 24/7 in-app chat support. Telda operates under the oversight of the Central Bank of Egypt and partners with Banque Du Caire and Mastercard, adding credibility and security. The company differentiates itself by offering free transfers, instant card issuance, and built-in spending tracking in a regulated framework tailored for Egyptian users. Its goal is to provide a simple, digital-first banking experience that helps individuals manage their money easily and securely.
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Seed
Total Funding
$25M
Headquarters
Cairo, Egypt
Founded
2021
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Total Funding
$25M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Telda launches investment in stocks and funds through its app. Telda, Egypt's leading digital financial platform, has officially announced the launch of its securities investment service, marking a strategic evolution toward a fully integrated financial ecosystem. The new service enables users to invest directly in the Egyptian Stock Exchange (EGX) and various investment funds through the app, eliminating the need for traditional brokers or complex procedures. This milestone makes Telda the first app in Egypt to unify payments, card issuance, and securities trading within a single digital platform. Designed to democratize finance, the service offers a simplified investment experience tailored for a broad audience, specifically targeting those new to financial markets. Users can track stock prices in real time, easily execute buy and sell orders, and subscribe to investment fund units,without any commissions, fees nor subscription. In line with Telda's "digital-first" philosophy, users can open an investment account within minutes using only their national ID card, without the need for physical branch visits or manual documentation. This direction reflects Telda's reliance on fully integrated digital solutions aimed at reducing the traditional complexities associated with investment processes. "We launched the app with an ambitious vision to redefine the financial services experience in Egypt by simplifying it and making it more inclusive and accessible," remarked Ahmed Sabbah, Chief Executive Officer of Telda. "Today, the launch of our investment services represents a qualitative leap in our journey, as we move from facilitating everyday transactions to empowering individuals to build their wealth effectively and sustainably." Sabbah added: "We are not merely introducing an investment tool; we are building an integrated ecosystem that puts the capital market in everyone's pocket through a seamless and transparent digital experience that removes traditional barriers. Our goal is to empower millions of Egyptians to make more informed financial decisions and give them real and immediate control over their money, enhancing their ability to plan for their financial future with confidence and independence." Moreover, Telda offers an innovative model by integrating the investment service with its card ecosystem, allowing users to link their investments directly to their Telda card. This enables them to deposit funds or withdraw profits instantly without waiting periods or transfer fees. This integration represents a qualitative shift in money management, as investment returns can be used directly for purchases or cash withdrawals from ATMs, contributing to an unprecedented connection between investing and the everyday use of money. This comes within Telda's vision to advance financial inclusion in Egypt by making simple and secure investment tools available to millions of users. The company also aims to enable individuals to manage and invest their money without requiring advanced financial expertise, thereby opening the door for new segments to enter the capital market. In addition, the service contributes to supporting the digital transformation of the financial sector by providing innovative solutions that reduce reliance on traditional channels and enhance the efficiency and speed of financial transactions. Since its launch in 2022, Telda has successfully established its position as one of the leading digital payments platforms in Egypt, offering prepaid card issuance, money transfer services, and bill payment, alongside the development of innovative financial solutions. The launch of the investment service reflects the company's continued expansion and product development in line with the needs of the Egyptian market, while also strengthening its competitive edge in a sector experiencing rapid growth in financial technology.
For instance, Telda, an Egyptian online banking startup and prepaid card provider, has recently introduced a billing service that allows users to pay for various social media and streaming platforms through their app via Fawry.
Telda, an Egyptian consumer money app founded by ex-Swvl executive Ahmed Sabbah last April, has raised $20 million in seed funding. The fintech, in a statement, said it wants to “revolutionize finance for the MENAP region.”. Its first market, Egypt, is one of the highest consumer spending markets in Africa. The North African market’s private consumption accounts for nearly 85% of its nominal GDP, and only 4% of its overall GDP is cashless. Card usage in the country is still in its infancy in the cash-heavy society, but startups like Telda are banking on their card products to change the narrative, or at least try
Mastercard powers the launch of Telda prepaid cards, jointly issued by one of the major banks in Egypt and a fintech.
Egypt’s newly launched digital bank Telda has raised USD 5 Mn in a
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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Seed
Total Funding
$25M
Headquarters
Cairo, Egypt
Founded
2021
Find jobs on Simplify and start your career today