.Egypt’s Fintech SETTLE Anchors USD 2 M in Pre-Seed Backing.CLEAR UP, an Egypt-based fintech, has increased USD 2 M in a pre-seed financing around led through Shorooq Partners. El Sewedy Financing Holding, Acasia Ventures, and Additionally VC took part. Founded in 2023 by Kamil Sayour and also Mostafa Mobarak, resolve provides an online B2B remittance platform aimed at modernizing companies’ financial procedures.The company plans to make use of the funds to grow right into worldwide markets as well as further cultivate its own platform.
Presently in its own pre-launch phase, resolve insurance claims to have processed over USD 1 M in transactions during the course of its own screening period, functioning throughout construction, power, and also getting business. The system targets to simplify remittance methods while giving companies real-time cash flow understandings.