- COREangels MEA will invest up to USD 150K per startup, focusing on inclusive fintech and SDG-aligned tech in the region.
- Five standout startups from Uganda to Egypt selected from 1,000+ applicants at the 5th Investment Committee in Cairo.
- Partnership with Arab Academy and Kemtix Ventures aims to blend funding with advisory, operational, and market expansion support.
COREangels MEA
What is happening? COREangels MEA has launched a USD 10 million investment fund for early-stage startups across the Middle East and Africa. The fund is backed by PTS Holdings and co-managed with Kemtix Ventures, focusing on tech startups aligned with the UN’s Sustainable Development Goals.
The announcement came during its 5th Investment Committee in Cairo, hosted at the Arab Academy for Science, Technology, and Maritime Transport (AAST). Moreover, the investment forum brings together global angel investors, regional partners, and local founders.
Who are they? COREangels MEA is an angel investment network formed through a partnership between COREangels International and PTS Investments Holdings.
What’s on the table? Selected startups can receive up to USD 150,000 in investment, plus tailored operational and advisory support from Kemtix’s innovation studio.
“We don’t just inject funds—we believe in building comprehensive ecosystems. COREangels MEA brings capital, capability, and community support to the region’s most promising founders,” said Maha Mandour, Chairperson of PTS Holdings and Founding Partner of COREangels MEA.
Fintech
This year’s focus is fintech. More specifically, the theme is Fintech as the foundation for inclusive growth
Fintech in MEA is booming and expected to exceed USD 100 billion by 2028. Moreover, COREangels MEA is backing founders solving real financial access gaps.
From over 1,000 applications, five startups were selected:
- eMaisha Pay (Uganda) – Digital tools for farmers: savings, insurance, and microloans.
- RentBeta (East Africa) – Flexible rent payments and automated collections for landlords.
- Aqua Offers (Egypt) – AI-driven loyalty and savings platform.
- Monak (MENA) – Bundled finance, health, and insurance for migrant communities.
- Reeple (Nigeria) – Streamlined global payments for African freelancers.
The selected startups underwent evaluation by Kemtix Ventures for scalability, impact, and market readiness.
Bottom Line: This is part of a broader push to link early-stage founders with regional capital, technical support, and cross-border networks.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
