Monday, April 20, 2026Global tech, startups & capital — covered for Africans.
Agel provides Sharia-compliant lending services to small and medium-sized enterprises.
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Agel, an Egyptian fintech startup established in October 2021, raised a pre-Seed round from Plus Venture Capital (+VC), Seedstars International Ventures, Flat6labs, SEEDRA Ventures, Banque Misr Acceleration Program, and angel investors. Agel specializes in Sharia-compliant lending services to SMEs, including Murabaha. The funds will be used to obtain a non-banking financial institution license, refine its product, and expand in Egypt. Agel plans to collaborate with Abu Dhabi Islamic Bank (ADIB) to launch a co-branded banking card service for merchants.
| Date | Round | Amount | Lead |
|---|---|---|---|
| Jun 30, 2023 | — | — | |
| Jun 26, 2023 | — | — |
