{"id":37204,"date":"2024-12-08T20:14:11","date_gmt":"2024-12-08T17:14:11","guid":{"rendered":"https:\/\/entarabi.com\/?p=37204"},"modified":"2024-12-08T20:23:13","modified_gmt":"2024-12-08T17:23:13","slug":"youth-platform-secures-20000-in-funding-to-enhance-student-discount-services-in-egypt","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/12\/youth-platform-secures-20000-in-funding-to-enhance-student-discount-services-in-egypt\/","title":{"rendered":"Youth Platform Secures $20,000 in Funding to Enhance Student Discount Services in Egypt"},"content":{"rendered":"

The Egyptian platform Youth<\/strong>, which offers exclusive discounts for students, has successfully raised $20,000 (equivalent to EGP 1 million) as part of the Gen Z Entrepreneurship Program. This initiative aims to foster innovation and support emerging startups in the Egyptian market.<\/p>\n

Founding Vision and Mission<\/h3>\n

Founded by Malak El-Leithy<\/strong> (22 years old), the idea for Youth was inspired by student-focused applications she used during her studies in the UK and the Netherlands. The platform was launched to address the unmet needs of Egyptian students and fill a gap in the local market for tailored student discounts and services.<\/p>\n

Remarkable Achievements in Just Four Months<\/h3>\n

Since its launch less than four months ago, Youth has achieved notable milestones:<\/p>\n

    \n
  • 25,000 registered students<\/strong> from 39 Egyptian universities.<\/li>\n
  • Strategic partnerships with 60 brands<\/strong> offering discounts across various sectors, including:\n
      \n
    • Fitness.<\/li>\n
    • Dining.<\/li>\n
    • Shopping.<\/li>\n
    • Entertainment.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

      Strategic Support from Industry Leaders<\/h3>\n

      This funding round is part of a broader initiative led by:<\/p>\n

        \n
      • The Ministry of Higher Education and Scientific Research<\/strong>.<\/li>\n
      • The Innovators Support Fund<\/strong>.<\/li>\n
      • United Media Services<\/strong>.<\/li>\n<\/ul>\n

        The program benefits from mentorship and guidance by prominent business leaders, such as:<\/p>\n

          \n
        • Tarek Kamel<\/strong>, CEO of Nestl\u00e9 Egypt.<\/li>\n
        • Mohamed Shelbaya<\/strong>, CEO of PepsiCo Africa and Egypt.<\/li>\n<\/ul>\n

          Targeting Generation Z<\/h3>\n

          Gen Z, born between the mid-1990s and early 2010s, represents around 20% of Egypt’s population\u2014over 20 million youth. This demographic significantly drives the economy and serves as the core audience for Youth.<\/p>\n

          Youth’s Vision for the Future<\/h3>\n

          Malak El-Leithy<\/strong>, Founder and CEO of Youth, stated:
          \n“We aim to make Youth the go-to platform for students in Egypt, offering innovative solutions that simplify their daily lives and unlock greater opportunities to access services at competitive prices.”<\/em><\/p>\n

          She also highlighted how the new funding will enable the platform to:<\/p>\n

            \n
          • Expand its user base.<\/li>\n
          • Enhance its technical infrastructure.<\/li>\n
          • Forge new partnerships with additional brands.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

            The Egyptian platform Youth, which offers exclusive discounts for students, has successfully raised $20,000 (equivalent to EGP 1 million) as part of the Gen Z Entrepreneurship Program. This initiative aims to foster innovation and support emerging startups in the Egyptian market. Founding Vision and Mission Founded by Malak El-Leithy (22 years old), the idea for […]<\/p>\n","protected":false},"author":37,"featured_media":37201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6395],"class_list":["post-37204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-youth-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/37204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=37204"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/37204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/37201"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=37204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=37204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=37204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}