Sources: 1
COREangels, a global community of angel investors, recently concluded its fifth investment committee in Cairo, selecting five fintech startups from more than 1,000 applicants to receive funding of up to
US$150,000 each.
The initiative is part of a broader
US$10 million investment fund targeting early-stage startups across the Middle East and Africa, with a focus on tech companies aligned with the Sustainable Development Goals (SDGs). Founded by Maha Mandour and operating under PTS Investments Holdings, COREangels combines a global investor network, local expertise, and an innovation studio to provide operational development services.
Mandour emphasized the fund's holistic approach:
“We don’t just inject funds – we believe in building comprehensive ecosystems. COREangels MEA brings capital, capability, and community support to the region’s most promising founders.”This hybrid model aims to support startups beyond financial investment by fostering growth and expansion through community and operational assistance, positioning COREangels as a key player in the regional fintech and tech startup ecosystem.
The selection of five fintech startups from a competitive pool of over 1,000 applicants highlights the fund’s commitment to identifying and nurturing high-potential ventures in Cairo and the broader Middle East and Africa region.
Sources: 1
COREangels, a global angel investor community, selected five fintech startups from over 1,000 applicants in Cairo to receive up to US$150,000 each. The move is part of their US$10 million fund aimed at early-stage Middle East and Africa startups, supporting growth through capital and operational development.
