Egyptian startup Klickit completes its first funding round

The amount of the funding is not disclosed

  
An employee counts Egyptian pounds in a foreign exchange office in central Cairo, Egypt, November 3, 2016. Image used for illustrative purpose.

An employee counts Egyptian pounds in a foreign exchange office in central Cairo, Egypt, November 3, 2016. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany
RIYADH: Egypt-based fintech Klickit has completed its first investment round, led by EFG Finance and Camel Ventures, the venture capital arm of dfin Holdings, Wanda reported.

The amount of the funding is not disclosed.

The investment seeks to solidify the startup’s technology stack and implement value-added services to sell new services to the company’s wide network of schools and universities.

Founded in 2017, Klickit is a payment management and digital collection platform that aims to digitize payment services.

Klickit currently serves over 55,000 Egyptian public schools, and more than 25 million students, under the Ministry of Education.

It has processed over 500 million Egyptian pounds ($32 million) in different kinds of payment transactions for educational entities since its inception.

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