# Connect Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/connect-money

- Industry: Financial Services
- Headquarters: Egypt
- Website: www.connect.money
- Total disclosed funding: $8M
- Latest round: Seed (Jun 24, 2024)
- Investors on record: 5

## About

Founded in 2023 and based in Egypt, Connect Money is a financial technology company that offers a platform for businesses to provide financial services to their customers. The company was founded by its CEO, Ayman Essawy, Marwan Kenawy, and Momtaz Moussa. In June 2024, Connect Money raised USD 8 million in seed funding, co-led by Disruptech Ventures, Algebra Ventures, Lorax Capital Partners, One Stop, and MDP.

Connect Money provides a white-label card-issuing platform that enables businesses to issue debit and credit cards, enabling digital payments and providing credit to customers. The firm also provides a rewards program and a marketplace of merchants where customers can earn cashback and discounts. The services offered by the company include white-labeled card issuance, mobile banking app development, lending, customer support via call centers, and online chat services; CONTROL PORTAL, a SaaS control panel; and many more. The firm offers cashback and discount cards, lending cards, and super cards.

The company plans to use the funds raised in June 2024 to unveil five new business verticals in North African markets through separate announcements.

## Funding rounds

- Seed, Jun 24, 2024, $8M — One Stop Stores, Algebra Ventures, Lorax Capital Partners, DisrupTech Ventures, MDP

## Investors

- One Stop Stores — Seed
- Algebra Ventures (https://capitalatlas.ai/funds/algebra-ventures) — Seed
- Lorax Capital Partners (https://capitalatlas.ai/funds/lorax-capital-partners) — Seed
- DisrupTech Ventures (https://capitalatlas.ai/funds/disruptech-ventures) — Seed
- MDP — Seed