# Axis Pay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axis-pay

- Industry: Financial Services
- Headquarters: Cairo, Egypt
- Website: www.axisapp.com
- Total disclosed funding: $8.3M
- Latest round: Seed (May 17, 2023)
- Investors on record: 5

## About

Based in Cairo, Egypt, founded in 2021, Axis Pay provides a digital banking platform to its customers. As of 2023, the firm is headed by its CEO Jacques Marco, who co-founded the firm along with Ahmed Ragab and Nada Abdelnour. In May 2023, the firm raised USD 8.25 million in Seed funding co-led by investors Raba Capital, Sawari Ventures, and Tiger Capital Group with participation from other investors Firstminute Capital and RaliCap.

The company offers a financial hub that builds digital financial products for businesses to manage employee payroll, salary advances, and business payments to suppliers, contractors, and vendors. Additionally, the firm provides a fintech platform for the individual which allow them to send, spend, get paid, and save money without any bank account by using their national ID.

The company plans to use the May 2023 funding to accelerate product development as well as expand its operation and offerings.

## Funding rounds

- Seed, May 17, 2023, $8.3M — Sawari Ventures, Firstminute Capital, Tiger Capital Group, Raba, Rally Cap

## Investors

- Sawari Ventures (https://capitalatlas.ai/funds/sawari-ventures) — Seed
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Seed
- Tiger Capital Group (https://capitalatlas.ai/funds/tiger-capital-group) — Seed
- Raba (https://capitalatlas.ai/funds/raba) — Seed
- Rally Cap (https://capitalatlas.ai/funds/rally-cap) — Seed