MENAbytes Today: Telda’s co-founder on how they raised MENA’s largest pre-seed from Sequoia, when they’re launching, and more

Telda, the Egyptian fintech founded and led by Swvl’s former CTO Ahmed Sabbah announced the closing of its $5 million pre-seed round today. The round was led by Sequoia Capital, marketing their first investment in the Middle East & North Africa. It is the largest pre-seed ever raised in the region, and also included the participation of Global Founders Capital and Class 5 Global.

Before the announcement was made, we got the chance to speak with Sabbah to learn more about how they raised the money, how is Telda different from some of the other alternatives in the market, and when are they launching.

Here’s the full interview.

Zubair Naeem Paracha

A tech and startup enthusiast based in Lahore, Pakistan. Zubair apart from leading MENAbytes is also building Qraar, a career discovery and development platform for millennials in MENA. He can be reached on Linkedin, Twitter or zubair [at] menabytes [dot] com.

Recent Posts

Flat6Labs launches $20 million seed fund for Jordan

Flat6Labs, one of the leading accelerators in the region has expanded to Jordan with the…

June 16, 2021

Pakistan’s Jugnu raises $3.2 million for its B2B ecommerce marketplace

Karachi-headquartered B2B ecommerce marketplace Jugnu and its parent company Saleflo have raised ~$3.2 million (PKR…

June 15, 2021

Dubai’s Valeo raises $3 million seed to give users control over their health

Dubai-based wellbeing-tech startup Valeo Wellbeing has raised $3 million in seed funding from Global Founders…

June 15, 2021

Evolution of ecommerce: The historical challenges of ecommerce and how companies overcame them

Almost everything you buy online has a 4–5x mark-up embedded in the price. That blue…

June 14, 2021

Egyptian B2B ecommerce marketplace Fatura raises $3 million for expansion

Cairo-based B2B ecommerce marketplace Fatura has raised $3 million in a pre-Series A co-led by…

June 14, 2021

Shorooq Partners opens an office in Cairo, appoints Tamer Azer as Partner

Abu Dhabi-headquartered Shorooq Partners has opened an office in Cairo, with Tamer Azer joining the…

June 14, 2021