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Egypt's Khazna to apply for banking licence after securing $16 million in pre-Series B

The round drew participation from new and existing investors including Sanad Fund for MSME, anb Seed Fund,, Aljazira Capital, Khwarizmi Ventures, Nclude – a fintech fund set up by Egypt's largest national banks – ICU Ventures, Quona, Speedinvest and Disruptech Ventures. Khazna last raised $38 million in Series A funding…

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