MICROCAPITAL BRIEF: Khazna of Egypt Raises $38m in Series A Round Led by Quona, 3 More Fintechs Join in Netting Investments from Nclude Fund

Nclude Fund, which was launched in 2022 primarily to focus on financial technology (fintech) in Egypt, has invested unspecified amounts of funding in four startups: (1) Khazna, a financial services app targeting the underbanked; (2) Lucky, an app offering consumer loans and loyalty rewards; (3) Mozare3, which helps small-scale farmers and food processors find funding; and (4) Paymob, an online payment platform that operates in the Middle East and Africa. Khazna also raised funding from