Tech Company Financing Transactions
Sahl Funding Round
On 6/12/2024, Sahl raised $6 million in Series A funding from Ayady for Investment & Development and private investors.
Transaction Overview
Company Name
Announced On
6/12/2024
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series A
Investors
Ayady for Investment & Development (Lead Investor)
Proceeds Purpose
With this latest round of investment, Sahl is set to evolve into a comprehensive financial services provider, expanding operations to Saudi Arabia following a successful expansion in the UAE.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
A5-B84, Smart Village
Giza, Undisclosed
Egypt
Giza, Undisclosed
Egypt
Phone
Undisclosed
Website
Email Address
Overview
Sahl is a mobile bill payment app in Egypt, offering users the convenience of paying bills for over 50 services including electricity, gas, water, and mobile. We use NFC technology to allow users to recharge prepaid cards anytime, anywhere. Additionally, we've launched B2B products to expand our audience by providing utility services and payment acceptance to other companies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Abdallah Assal
Chief Financial Officer
Basel Daw
Chief Technical Officer
Ibrahim Assal
VP - Product Management
Ahmed Othman
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