Agel
OperatingAgel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs.
- Financial Services
- Cairo, Egypt
- Pre-seed
- Founded 2021
- agel.io ↗
- Last round
- Pre-seed
- Rounds
- 2
- since 2021
- Investors
- 5
- on record
- Employees
- 11-50
About Agel
Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs. Agel aim at reshaping the traditional financial services business model, operational model and customer experience to unlock a unique finance avenue for (“MSMEs”), with a core preposition of availing industry-agnostic merchandise credit limit for Merchants within Agel network in a manner that is Digital, Cashless and Sharia compliant, aligning with the UN Global (“SDG”) goals, and Egypt’s 2030 plan towards financial inclusion and sustainability.
our goals are: - Empowering MSMEs growth, - Accelerating Financial Inclusion, - Eradicating Informal Economy, - Raising Financial literacy
Agel funding2 rounds
All 2 rounds →The latest is a Pre-seed announced 21 Jun 2023, led by Seedstars.
Who has invested in Agel
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 21 Jun 2023 | Agel Pre-seed | Seedstars +4 | Not disclosed |
| 01 Sep 2022 | Agel Pre-seed | Flat6Labs | Not disclosed |
Agel founders & team
Full team →- Abdelrahman SaeedFounder and CEO
- Abdelrahman SaeedFounder and CEO
- Ahmed Salah SeddikChief Business Officer
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Frequently asked about Agel
- Where is Agel based and when was it founded?
- Agel is headquartered in Cairo, Egypt and was founded in 2021.
- Who founded Agel?
- Agel was founded by Abdelrahman Saeed (Founder and CEO) and Abdelrahman Saeed (Founder and CEO).
- Who is the CEO of Agel?
- Abdelrahman Saeed is Agel's Founder and CEO.
- How much funding has Agel raised?
- Agel has raised 2 funding rounds; the amounts were not disclosed. Its latest, a Pre-seed, was announced on Jun 21, 2023.
- Who has invested in Agel?
- Backers include Seedstars, Plus Venture Capital, Flat6Labs, SEEDRA Ventures and 1 other.
- What sector is Agel in?
- Agel operates in Financial Services, FinTech and Lending.
