EG Bank Launches “Mint” Accelerator in Collaboration with USAID

EG Bank, in collaboration with the Egypt Business Program funded by USAID and implemented by DAI, has announced the launch of the “Mint” accelerator, specializing in financial technology (FinTech). This initiative aligns with the bank’s efforts to expand its partnerships, build a new customer base, and reinforce its leadership role in developing the financial sector in Egypt.

The “Mint” accelerator offers FinTech startups a unique opportunity for growth and expansion by providing an intensive training program and a stimulating environment for innovation. It also fosters strong partnerships between these startups and EG Bank, opening new avenues for collaboration and the delivery of innovative financial services that meet diverse customer needs.

This new system aims to support financial inclusion in Egypt by integrating new customer segments into the financial system and creating new job opportunities. It also contributes to enhancing corporate governance for startups, ensuring their long-term sustainability and growth.

Among the key benefits of the “Mint” FinTech accelerator are: supporting startups by providing necessary funding, training, and consulting services; building partnerships by connecting startups with EG Bank and other industry partners; and promoting innovation by encouraging the development of innovative financial solutions that meet customer needs. Fundamentally, the accelerator aims to drive financial inclusion by expanding financial services to reach new segments of society.

Ms. Nelly Mahmoud, Head of Marketing, Youth Services, and Financial Inclusion at EG Bank, stated: “We are proud to launch the ‘Mint’ FinTech accelerator, which represents an important step in our journey towards building a more inclusive and innovative financial system. We believe that the partnership between banks and startups is key to achieving sustainable development and enhancing financial inclusion in Egypt.”