The Disruptech Fund, a pioneering venture capital fund in the field of high-risk capital in financial technology in Egypt, has announced its strategic investment in InBox Bank, a leading company in digital services and unconventional payment technology. This official announcement comes in the context of Egypt’s preparations to transition towards digital banks.
The aim of this partnership is to offer integrated solutions and new services previously unavailable to banks and financial technology companies at both the local and regional levels, through InBox Bank’s regional headquarters in Egypt.
This investment works to enhance InBox Bank’s capabilities in meeting customer needs and expanding its presence in new markets, while also supporting the fund’s investments in other companies. This investment reflects the reliance on InBox Bank’s potential and its ability to expand its operations due to its internally developed platform, enabling rapid growth and development to meet customer needs.
Engineer Mohamed Akasha, the head of Disruptech Fund, expressed enthusiasm for entering this partnership, highlighting that InBox Bank’s experience in providing innovative financial technology solutions will contribute to offering secure and innovative services and solutions to their customers.
On his part, InBox Bank’s CEO, Bassem Mahmoud, expressed delight in collaborating with Disruptech Fund, emphasizing the importance of the fund’s expertise in financial technology investments in supporting the development of the bank’s platform and expanding its reach in Egyptian and regional markets.
InBox Bank aims to provide a reliable and secure digital banking experience that aligns with the vision of the Egyptian Central Bank to support financial inclusion, banking technology, and digital payments.
In addition to financial technology services, InBox Bank offers a diverse range of digital banking services including mobile banking apps, internet banking, White Label e-wallets, e-KYC electronic customer identification services, artificial intelligence technology, and much more.
Furthermore, InBox Bank provides services for managing and monitoring ATMs, managing and accepting transactions on POS and Soft-POS electronic payment machines, along with numerous other services catering to various sectors.
It’s worth noting that InBox Bank is now a provider of numerous financial and banking services in Egypt and beyond, and this investment by the Disruptech Fund is a strategic step towards enhancing and developing the financial technology sector in the country.
