Saturday, January 28, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Fintech/Finance

Zywa’s Neobank Company is Set to Expand Across the MENA Market with a $3M Budget.

Zywa is coming to Egypt sooner than later.

Eni by Eni
August 24, 2022
in Fintech/Finance
0

 

Related posts

Amazon & Stripe

Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.

January 25, 2023
Kuda Bank

The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.

January 24, 2023

Zywa announces its social neobank company will be coming to Africa to explore the FinTech industry in the Middle East and Northern Africa (MENA) region of Africa to follow up its corporate expansion scheme that indulges tech-savvy patrons. Zywa’s announcement revealed its neobanking services will be introduced in the Egyptian FinTech market and then spread out to Saudi Arabia while Zywa will be introduced to other significant moneymaking FinTech marketplaces in MENA.

Zywa’s confidence to introduce its social neobanking service to the MENA population is stirred by its incorporated executive decision backed by the hefty amount of investment Zywa secured from Y Combinator and other capitalist investors such as Zemu Venture Capital, Rebel Fund, Goodwater Capital, etc. Zywa closed the seed round with $3m higher than the previous $1m pre-seed round the social neobank startup company closed in the early days of 2022.

Zywa seems to be favoured in the sight of the Arabian tech-savvy investors including the Dubai Future District Fund angel investor that acknowledged the ideal impact of investing in an indigenous startup company. Zywa FinTech company originates from the United Arabs Emirates (UAE) – this clarifies Zywa’s intent to pioneer neobanking in the MENA region that is likely to relate to the Arabian culture of finance management.

Despite being nepotistically oriented, DFDF’s offering to accelerate Zywa’s developmental growth serves as a partnership deal.

Aside from the Y Combinator’s intervention with extra funds and fame, Zywa seems to be confident with the FinTech services its renders having enriched its company’s valuation which is worth $30m, including the latest $3m seed Zywa raised. The MENA FinTech marketplace drafted to experience Zywa’s neobank services will have access to socialize and remit cash, receive cash and manage funds with no age limitations.

According to Zywa’s co-founders, Nuha Hashem and Alok Kumar that revealed their neobank initiative was established to suit Gen-Z tech-savvies to socialize with funds. Zywa’s neobank app is developed to operate like the regular bank system that offers prepaid card issuance for seamless transactions. Since there is no age limit mandated on Zywa’s neobank network, parents can assist their kids to manage their stipends deposited in Zywa’s account for kids at the convenience of the neobank app cash management features.

Kumar said Zywa is a Gen-Z initiative developed for the Gen-Z population, “and we aim to grow our product as they grow, to be the only financial services platform they will ever need. The seed fund will help us focus on product, growth, and strategic partnerships to accelerate our efforts in the UAE and Egypt markets while prepping us to launch in Saudi Arabia by early 2023.”

In addition to introducing Zywa to a broader moneymaking market within MENA, the neobanker has plans of adding tweaks to modify Zywa’s social features to attract more FinTech users at the expense of rewarding their patrons via Zywa coins (Zyons) & Zywa gems (Zems). This is related to a cash-back initiative that rewards loyal customers for prudent financial transactions. Zywa’s Kumar revealed its reward features will receive innovative tweaks that tokenize both Zyons and Zems for P2P transfer.

Zywa neobank system poses as an inclusive financial initiative that allows users to share rewards along with fiscal cash.

The Zywa social neobank app will become more entertaining whereby users will be able to publish the items they paid for within the app for other users to ‘like and share’ how Zywa can be responsive with cash remittance and management. Zywa will also feature the value-added service that gives users within the 11-25 age bracket an edge to indulge in Zywa’s internship program rehashed to give back to the MENA society.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: fintechmenay combinator
Previous Post

Lori Systems Secured an Undisclosed Amount of Investment from Google.

Next Post

Google Wallet Has Reportedly Launched in South Africa & Five Other Countries.

Next Post
Google Wallet Has Reportedly Launched in South Africa & Five Other Countries.

Google Wallet Has Reportedly Launched in South Africa & Five Other Countries.

RECOMMENDED NEWS

Nigeria Leads Mobile App Market Growth In Africa As Use Of Gaming Apps Surge 44% From Q1 2020

Nigeria Leads Mobile App Market Growth In Africa As Use Of Gaming Apps Surge 44% From Q1 2020

1 year ago
The NBC Fines MultiChoice and Its League of Broadcasters for Televising Insurgent Documentary.

The NBC Fines MultiChoice and Its League of Broadcasters for Televising Insurgent Documentary.

6 months ago
NVIDIA’s Commitment To Accelerate Africa’s AI Ecosystem Is Dependable On-Chip Distribution.

NVIDIA’s Commitment To Accelerate Africa’s AI Ecosystem Is Dependable On-Chip Distribution.

11 months ago
Nigeria’s B2B Marketplace Startup. Sabi Reached 150K Merchants, Raises Funding

Nigeria’s B2B Marketplace Startup. Sabi Reached 150K Merchants, Raises Funding

1 year ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa app banking CBDC cbn central bank of nigeria cloud cryptocurrency Crypto market cybersecurity e-commerce e-naira east africa ecommerce economy enterprise fintech funding Fundraising google government inec internet investment kenya License microsoft mtn ncc nigeria Partnership Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa

Featured Categories

App
19 Posts
View Posts
Banking
17 Posts
View Posts
Business
7 Posts
View Posts
Cryptocurrency
27 Posts
View Posts
Cybersecurity
13 Posts
View Posts
East Africa
23 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
31 Posts
View Posts
Event
9 Posts
View Posts
Fintech/Finance
83 Posts
View Posts
Funding
29 Posts
View Posts
Gadget
11 Posts
View Posts
Government
55 Posts
View Posts
Insight
4 Posts
View Posts
Internet
20 Posts
View Posts
Investment
18 Posts
View Posts
Nigerian/African Tech
31 Posts
View Posts
North Africa
2 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
2 Posts
View Posts
Service
8 Posts
View Posts
Social Media
19 Posts
View Posts
Southern Africa
17 Posts
View Posts
Startup
83 Posts
View Posts
Telecom
35 Posts
View Posts
Transport
10 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • Amazon & Stripe
    Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
    • January 25, 2023
  • Airtel eSIM
    Airtel Launches eSIM Technology In Nigeria
    • January 25, 2023
  • Mafab Communication Debut 5G Cellular Data In Nigeria.
    • January 24, 2023
  • Spotify
    Tech Retrenchment: Spotify Has Prepared To Cut It Global Workforce This Week.
    • January 24, 2023
  • Kuda Bank
    The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.
    • January 24, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
  • Airtel Launches eSIM Technology In Nigeria
  • Mafab Communication Debut 5G Cellular Data In Nigeria.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In