Category: Startups

  • Careem Invests $500,000 Stake in ‘SWVL’ Egyptian Transportation Startup

    Careem Invests $500,000 Stake in ‘SWVL’ Egyptian Transportation Startup

    Entrepreneurial spirit is still alive and well in Egypt, as Careem invests $500,000 stake in former employee’s transportation startup SWVL.

    Mostafa Kandil, former employee of Careem, a ridesharing mega-startup, is now launching his innovative addition to the thriving transportation industry in Egypt, and hopefully beyond. Swvl, Kandil’s new platform, allows users to connect with an exclusive network of luxury buses from existing bus stops, making it easy to use and proving a different service from the already available ride sharing apps which have recently become so popular.

    Kandil’s previous employer, Careem, are now investing $500,000 into his startup business, and he will be working in partnership with Magnus Olsson, Careem’s co-founder and Chief Experience Officer, who will take a seat on the Swvl Board of Directors. This is a hugely significant move from Careem, which is currently in competition with other ridesharing companies, such as UBER, as Careem has never before invested in an outside company.

    Olsson stated that Swvl not be absorbed by the larger company, as:

    “We want them to run and learn and develop at a very high pace and high agility and we believe the best way for them to do that is to stay independent.”

    Swvl, with its unique platform, will look to expand its range throughout Egypt and beyond and looks to provide stiff competition for the likes of UBER, with over 50,000 users already signing up. Mostafa Kandil only left his job at Careem in February, to focus on his new career as an entrepreneur, and his current success shows just how far a good idea can go.

  • PayMob launches ‘Accept’ to boost online payment

    PayMob launches ‘Accept’ to boost online payment

    Egypt’s Fintech startup PayMob, and one of A15’s portfolio companies, launched a new product today called Accept – a payment aggregator that provides online and offline merchants with payment acceptance services.

    According to recent studies, the e-commerce industry in the MENA region is expected quadruple to $20 billion by 2020, compared to 2015; while there is a striking 86% of adult population who do not have a bank account.

    These statistics pose a great opportunity for Accept as it will provide online, as well as offline, merchants with a set of tools to accept payments in various forms whether through Online Payment, Mobile Wallets, Credit Card terminals, or even Cash Collection.

    Get paid through social media

    Accept also enables merchants to sell directly through social media, without requiring a full ecommerce website, allowing sellers to harness the power of these networks to maximize revenues.

    Verity of payment methods

    Accept will provide merchants with a one-stop shop for payment solutions including cash on delivery, credit card on delivery, mobile wallets, and online and mobile payments gateway.

    Such comprehensive payment suites will enable merchants to accept payments on credit from their clients and increase their spending, in addition to reducing cash handling and reconciliation processes.

    Accept’s services are also PCI-certified, meeting global standards for security and reliability.

    “We are helping merchants to never miss a transaction”, said PayMob’s COO, Alain El Hajj, “PayMob is keen on developing innovative solutions to digitize payments, pushing forward the payments ecosystem and ultimately achieving the collective vision of a cashless society”

    PayMob, which currently includes Accept’s services, processed 1.6 billion EGP from 3 million transactions in 2016. Founded in 2014, the rising startup has already exceeded the 2016 transaction figures in the first six months of 2017.

  • InternsValley enables startups and students to exchange experience and efforts

    InternsValley enables startups and students to exchange experience and efforts

    Entrepreneurs and SMEs can now rely on talented employees who believe in their mission and form a team on a single mission.

    On May 31, 2017, the InternsValley team announced the launch of the second version “BETA” of its matching web platform InternsValley.com, following the success of the initial release “ALPHA”, which began early last year and has attracted 74 emerging projects and 4,900 university students to date.

    InternsValley platform aims to connect university students and fresh graduates with entrepreneurs, start-ups and medium-sized companies to work together and exchange experiences. The platform provides students and graduates with opportunity to apply what they have learned in a real world in a practical training, and entrepreneurs on the other hand to build a proactive, passionate team with the ability to challenge flexibly without the cost being a constraint.

    While the university student or graduate is looking for a real job opportunity in the field in which he aspires to work in the future or on a specialization that suits his passion and gives him the experience that backs up his academic studies, it becomes difficult to achieve this in practical terms due to the overcrowding of the job market with hundreds of thousands of graduates who are looking for jobs, too.

    On the other hand, entrepreneurs of emerging startups are struggling to reach human resources, especially good calibers who can work on their projects without affecting their limited financial resources. Most entrepreneurs avoid building a human resources department during the early startup stages, neither outsourcing the recruitment process altogether to third parties, to save fund for more priority activities. Since financial resources are usually the biggest challenge to growth and stability of any emerging business, reducing the initial labor costs is one of the most creative ways to push these projects forward.

    The integration of entrepreneurial market and academic environments in universities helps reduce  obstacles for startups, and provides students with opportunities to know and learn about the job  market before graduation and the practical skills required for work.

    InternsValley.com provides businesses with the ability to post their needs of young talents who are willing to participate in their projects as “interns/trainees” for a period ranging from one to three months or up to 6 months and sometimes up to 12 months. In many cases, permanent employment contracts are subsequently concluded with the employers if the trainees prove their worth, which is also an additional advantage that contributes to opening employment to university graduates based  only on professional competence.

    According World Bank studies on emerging markets – as in Arab countries, 4 out of each 5 opportunities available in the job market, are provided by small and medium enterprises. Therefore these environments provide great opportunities for training besides easy access to them in contrast with major and global companies.

    InternsValley platform is providing a variety of training opportunities through the participant companies from different fields.

    Through the initial release of the website, InternsValley team has already been able to achieve this goal in an excellent way and to have great interaction between students and companies on the platform, and to gain appreciation of our effort to connect them to work together. According to the companies that posted training opportunities (Internships / Traineeships) on the our website, the number of applicants was very sufficient, and the candidates were very close to their  requirements, which enabled them to choose the best people within a short period of time of “Call for interns!” ad.

    The team was able to monitor and evaluate the interaction of users, and to collect their observations and suggestions during the trial period and to take them into consideration during the development phase of the next release, to improve site characteristics and maximize the benefit to them.

    The new version enables both student and entrepreneur to reach his goal more efficiently and in less time; here is a brief of the new improvements:

    New user interface; featuring a very smooth experience to the user in a simple and easy way, in addition to the enhanced compatibility with most browsers to ensure design consistency for all users.
    New student profile; serves as a brief resume that is more appropriate for university students and recent graduates and at the same time replies to questions of the startup and mid-sized companies who are looking for the right candidates. The new profile replaces traditional CVs and expresses the skills of the student in simple and clear way.
    New Dashboard: “student’s account”; now includes a notification system that shows updates continuously to the user, such as the status of his application for a particular opportunity, informing him of the transition from the waiting state to reviewing, determining whether it has been shortlisted or has been excluded from the opportunity.

    InternsValley team hopes that the new website will appeal to its users and help convey our vision as a link between the academic community and the business world, especially entrepreneurial, to boost interaction between them and to increase employment rates in our countries, release youth energies for learning and innovation, to become a source of talents that contributes to the rise of startups and med-sized companies in the near future, as a means to economic growth of our societies to evolve and flourish.

  • Egyptian developers win 4 of 6 prizes at Facebook Bots for Messenger Challenge

    Egyptian developers win 4 of 6 prizes at Facebook Bots for Messenger Challenge

    Egyptian developers swept the list at Facebook Bots for Messenger Challenge for the Middle East and North Africa, winning four of six prizes.

    Facebook launched Bots for Messenger last February, a contest to recognize and reward developers who create innovative new bots in either the Middle East and North Africa, or Sub-Saharan Africa region, in three categories Games & Entertainment, Productivity & Utility and Social Good.

    Over 1000 submissions across the Middle East and North Africa, Egyptians have been able to reserve 15 out of 30 seats in the final with their well-crafted and creative bots.

    Winners

    Egypt’s Mastermind Games Bot, which has developed a gaming bot, won the grand prix for Gaming & Entertainment [worth $20,000 and 3 months of Facebook mentorship].

    Mastermind Games Bot is a collection of six interactive games to solve codes based on various combinations of logic and memory. Every time a user guesses the correct code, a cave safe will open to obtain a diamond. Users can share games with their friends as they vie for the top scores and unlock achievements.

    Egypt’s Mr. Ink, which has developed a book consultant bot, won the grand prix for productivity/utility [worth $20,000 and 3 months of Facebook mentorship].

    Mr. Ink is a book consultant bot where users can share a book title or a photo of a book cover, and Mr. Ink will return its description, author, rating, and reviews.

    Egypt’s MathHook, which has developed a math solution bot, won the grand prix for Social Good [worth $20,000 and 3 months of Facebook mentorship].

    MathHook brings math into everyone’s lives! Users can find solutions to single and sophisticated math problems; learn how to type problems in latex; and search for math courses from the kindergarten to college levels via a database of 3000+ YouTube videos such as numberphile, Khan Academy, etc. MathHook also creates a community for teachers and students to chat 1:1 via whisper or group chat by sending images and videos of math problems to solve.

    Egypt’s Adam 9 months, has developed a community of pregnant women through bot, won a Runner Up prize [worth $10,000 and 3 months of Facebook mentorship].

    Adam 9 Months aims to build community of pregnant women. The user set her language and current week of pregnancy to get immediate access to week related information, fetal development videos, workouts and many other pregnancy tools. Adam 9 Months encourage social activities between the new mom and her friends by providing tools like “vote for the best baby name” and “hospital bag checklist”. Our community members can communicate through messages in clean environment where each one identity is safe. Adam 9 Months allow users to search for nearby pregnancy care centers, baby stores or maternity services providers.

    The other two winners in the Middle East and North Africa are from Jordan and Morocco, with two grand prix.

    Jordan’s Eila (Heroes Burgers & Wings), which has developed a food ordering bot, where customers can open up the restaurant’s Facebook page and order food to their homes or for priority pick up simply by chatting with their bot. Already live with five businesses, they offer a bot-as-a-service for conversational commerce. The goal is to grow these bots into a full pack of automated tools to help businesses sell with the help of artificial intelligence. Official Eila Page.

    The second is Morocco’s Trivoxx, which has developed a trivia game to test a user’s knowledge on three categories: Sports, Science, and General Culture. In Trivoxx, a user can play against a friend via the Challenge menu.

    Congratulations to all the winners and calling on all the developers in the MENA region, you’re our future.

  • Elmenus raises USD 1.5M investment from Algebra Ventures

    Elmenus raises USD 1.5M investment from Algebra Ventures

    Egyptian Food discovery platform Elmenus has secured a USD 1.5 million Series A investment from Algebra Ventures.

    Elmenus will use the funding “to build new features that facilitate for users to order their food online and will continue focusing on solving the bigger problem of dining decisions, using an AI-powered food recommendation engine on top of a social and visual experience that will help users make the best dining decision, every time,” said Amir Allam, CEO.

    Algebra’s Ziad Mokhtar, who will join the company’s board of directors, said, “Considering that prior to our investment, Elmenus had seen only USD 60k in funds invested, the traction they’ve achieved — in terms of users, revenues, content — is impressive. With this investment, Elmenus is well-poised to grab a substantial stake in the digital food space which is dominated globally by the likes of Just Eat, Zomato, and Delivery Hero.”

    Founded in 2011, Elmenus is the first food discovery platform in Egypt, helps users discover and order the food they love. Currently over 2 Million dining decisions are being made on Elmenus platform every month and growing.

  • Stetla3 Launches its Online Platform with a Social Awareness Campaign

    Stetla3 Launches its Online Platform with a Social Awareness Campaign

    Cairo, 24 May 2017 – Stetla3, an online platform that allows users to share their personal opinions and stories around different social issues; launched yesterday with a social awareness campaign in partnership with Digital Boom. The campaign highlights the key role awareness plays in breaking down societal stereotypes through storytelling.

    https://www.youtube.com/watch?v=x73krhui0v0

    Sarah Kurdi, Founder of Stetla3, said, “In crafting Stetla3’s launching strategy, we wanted to focus on our mission which is increasing societal awareness around different social issues in the Arab world; thus, we thought why not tell the story of Stetla3 itself in a creative, visually appealing way that sheds the light on the amount of societal pressure and obstacles we usually go through if our choices don’t match the different societal stereotypes we have to abide by in our society”.

    Kurdi continued, “I truly hope “Power of Awareness” can inspire people to share their own personal journey of standing up for their dreams because the key message here is that each one of us is born with a different personality and a unique set of talents and abilities and these differences should be embraced and celebrated”.

    Commenting on the partnership our Editor in Chief, Ahmed Maher said “It’s our pleasure to join forces with Stetla3 on this campaign because I think it aligns with our mission in Digital Boom that is to serve as a community platform for industry collaboration and conversation and this time we want to tell the stories of a lot of the entrepreneurs and game changers who are turning their dreams into a reality despite the tremendous challenges”.

  • Egypt Dominates Facebook Bots for Messenger Challenge Finalists

    Egypt Dominates Facebook Bots for Messenger Challenge Finalists

    With 15 bots, Egyptian developers have dominated the Facebook Messenger Bots Challenge top 60 finalists list for the Middle East and Africa, in Games & Entertainment, Productivity & Utility and Social Good.

    Over 1000 submissions across the Middle East and North Africa, Egyptians have been able to reserve 15 out of 30 seats in the final with their well-crafted and creative bots.

    Here are the 15 qualified Egyptian bots:

    See the full list of Facebook Bots for Messenger Challenge Top 60 Finalists for the Middle East &North Africa and Sub-Saharan Africa. [Egypt is competing in the MENA region only]

    Middle East and North Africa

    UAE and Morocco came next in the Middle East and North Africa list after Egypt with four bots for each, then Jordan with two bots, and Palestine, Lebanon, Saudi Arabia, Tunisia & Algeria with one bot for each.

    Facebook Bots for Messenger Challenge Top 60 Finalists, Middle East and North Africa top 60 finalists Facebook messenger for bots
    Facebook Bots for Messenger Challenge Top 60 Finalists – Middle East and North Africa

    The other 30 finalists are from Sub-Saharan Africa

    Africa top 60 finalists Facebook messenger for bots
    Facebook Bots for Messenger Challenge Top 60 Finalists – Sub-Saharan Africa

    Winners will be announced on June 19th, 2017.

  • Egyptian Bot ‘HireHunt’ among the 60 finalists in Facebook’s Messenger Challenge Bot Competition

    Egyptian Bot ‘HireHunt’ among the 60 finalists in Facebook’s Messenger Challenge Bot Competition

    The HireHunt Bot has been selected as one of the the 60 finalists in Facebook’s Messenger Challenge Bot Competition, “after receiving over 1000 submissions across 64 countries in the Middle East and Africa,” according to the competition official announcement.

    The winners will be announced on June 19th, 2017.

    HireHunt, Egypt’s online talent platform, has just released its official Facebook ChatBot as a soft launch. The HireHunt Bot is intended to allow job-seekers to build their profile through Facebook Chat, by answering interesting questions about themselves and their work experience to attract the attention of employers. Questions can be answered by text, pictures or recording voice, thereby utilizing all the diverse mobile features of Facebook Messenger.

    Applicants later receive notification messages that inform them whenever a new employer has noticed them and requested that they apply to their open positions (which are loaded and answered through the bot). Applicants get notified of their progress like their score, new job matches, and number of Employers hunting them. Additional questions can also be sent by employers through the bot, as well as scheduling interviews.

    The HireHunt Bot has accelerated the job search process, making it more interactive and instant, utilizing the real time interactivity that Facebook Messenger allows, saving immense time and effort that the traditional ways of job applications consume.

     

     

  • Wuzzuf Hosts Egypt’s Business Thought-leaders Live on Social Media

    Wuzzuf Hosts Egypt’s Business Thought-leaders Live on Social Media

    Wuzzuf, Egypt’s first job site, announced yesterday the launch of its first activation on social media: Kanabet Wuzzuf “Wuzzuf Lounge” – a bi-weekly Live Q&A show on Facebook &Twitter that hosts Egyptian Thought-leaders across all business fields to delve into real life experiences and provide sought-after answers and advice for empowering talents and growing their careers.

    We reached out to Muhammad Omar, Acquisition Marketing team leader at Wuzzuf to know more about the activity.

    He said: “We came up with this idea to empower talents across all business fields by sharing the best practices and real experiences from the most inspiring and successful leaders in Egypt. Kanabet Wuzzuf will be a remarkably original show with a worthy of sharing content.”

    Yehia Arafa; The founder of the well-known entity: Career Advancers, will be the anchor of the show. The first guest will be one of the most inspiring young entrepreneurs in MENA region, Bassem El-Hady, CEO & Co-founder of Kijamii.

    https://www.facebook.com/wuzzuf/photos/a.443229899027699.123530.416071588410197/1764031506947525/?type=3&theater

  • Promoting US-Egypt Collaboration in Science and Technology

    Promoting US-Egypt Collaboration in Science and Technology

    The US-Egypt Science and Technology Joint Fund approves 15 joint projects in the fields of agriculture, energy, health, and water.  The fund’s board of directors also agreed to continue to dedicate a portion of its funding toward innovation-related activities.

    The joint fund is committed to the US-Egypt cooperation on high-impact research between Egyptian and American scientists.

    The Joint Fund has provided grants for more than 500 collaborative projects involving Egyptian and US scientists in a wide variety of fields, including agriculture, engineering, health, renewable energy, and water.

    Targeting areas that help promote health and prosperity, recent research has contributed to vaccines for the H5N1 Avian Influenza virus, developed highly efficient solar cells, and improved wheat and citrus production while reducing the use of chemical fertilizers.  The Joint Fund also continues to increase the role of science, innovation, and technology commercialization in promoting economic growth.

    “The US-Egypt Science and Technology Joint Fund is a superb example of the way bilateral cooperation can help make the world a healthier place for all of us,” US Ambassador to Cairo, R. Stephen Beecroft.  “Since 1995, the Joint Fund has promoted science collaboration to address development challenges and promote economic growth.  It has a direct and positive impact on people’s lives.”

    Acting Deputy Assistant Secretary of State for the Bureau of Oceans and International Environmental and Scientific Affairs, Jonathan Margolis, led the US delegation at the Joint Fund board meeting.  The delegation included board members from the US Department of Agriculture, the United States Agency for International Development (USAID), the US Geological Survey, and the National Science Foundation.