Settle
OperatingB2B payments, treasury and receivables automation connecting ERP systems to bank accounts in Egypt
- FinTech
- Cairo, Egypt
- Pre-seed
- Founded 2023
- settle-payments.com ↗
- Total raised
- $2M
- disclosed
- Last round
- $2M
- Pre-seed · Sep 2024
- Rounds
- 1
- since 2023
- Investors
- 3
- listed
About Settle
Settle is an Egypt-based B2B payments platform founded in 2023 by Mostafa Mobarak and Kamil Sayour. It connects ERP systems such as Oracle and SAP to business bank accounts through Egyptian bank integrations, automating payables, receivables and treasury management. Company and press-release facts; the platform was described as pre-launch in its September 2024 pre-seed announcement.
Settle funding1 round
Settle has raised $2M across 1 round. The latest is a $2M Pre-seed announced 18 Sep 2024, led by Shorooq Partners.
Who has invested in Settle
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 18 Sep 2024 | Settle Pre-seed18 Sep 2024 Led by Shorooq Partners +2 | $2M |
Settle founders & team
- Mostafa MobarakCo-Founder
- Kamil SayourCo-Founder
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Settle competitorssame sector · similar funding
- OlivCairo, Egypt
- Financial Services CompanyGiza, Egypt
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Frequently asked about Settle
- Where is Settle based and when was it founded?
- Settle is headquartered in Cairo, Egypt and was founded in 2023.
- Who founded Settle?
- Founders listed for Settle include Mostafa Mobarak (Co-Founder) and Kamil Sayour (Co-Founder).
- How much funding has Settle raised?
- Settle has raised $2M across 1 funding round. Its latest, a $2M Pre-seed, was announced on 18 Sep 2024.
- Who has invested in Settle?
- Backers include Shorooq Partners, El Sewedy Capital Holding and Acasia Ventures.
- What sector is Settle in?
- Settle operates in FinTech and Financial Services.
