Cairo-based startup Sahl has raised US$6 million in Series A and seed funding to act as a one-stop shop for household bills, in collaboration with government entities. Sahl is a mobile bill payment app that offers users the convenience of paying bills for over 50 services including electricity, gas, water, and mobile. The startup has also launched B2B products to expand its audience by offering utility services and payment acceptance to other companies. Sahl’s US$6 million funding round was led by Ayady for Investment and Development, a leading Egyptian investment firm, with participation from existing investors Egypt Pay, Delta Electronic Systems, and E-Finance. Fueled by the recent round of funding, Sahl is set to evolve into a comprehensive financial services provider.

Source: The North Africa Journal June 11, 2024 09:43 UTC