Egyptian Fintech Startup KlickIt closes Seed Funding Round

FinTech and digital fees management company, Klickit based in Cairo, has secured its first round of funding. It did this with the help of EFG Finance and Camel Ventures, the venture capital arm of dfin Holding.

Co-founder and CEO of Klickit expressed his delight as regards the funding, saying that they are proud to be backed by reputable entities like EFG Finance and dfin’s Camel Ventures and we are thankful to our investors for their continued support. We look forward to scaling our service and strengthening our tech stack .

Partnering with the Banque Misr, GEMS over the last year, and most recently with the Egyptian Ministry of Education, has proven essential to our growth and we intend to leverage these experiences to bolster the next chapter in our journey.

Speaking on their investment, CEO EFG Finance, Walid Houssana said: We’re proud to be investing in KlickIt and supporting its team.

Through their determination and grit, they’ve proven to overcome challenges, cracking a highly lucrative market.

We believe Klickit will provide excellent and accessible services to their customer base and help catalyze the growth of the company”

KlickIt currently serves over 55,000 Egyptian public schools with more than 25 million pupils under the Ministry of Education. It also holds a portfolio of 230 educational institutions/enterprises of different sizes.

KlickIt has processed over EGP 500 million in different types of payment transactions for educational entities.

It is supported by collaborations with substantial market leaders such as e-finance and Banque Misr, with more in the pipeline, Walid Hassouna, emphasized.

KlickIt was founded in 2017 under the name Q-Less. It is an Egyptian payment management and digital collection platform that streamlines end-to-end payment processes through integrated solutions.

KlickIt also serves as a digital payments transformation partner to education ministries as well as public and private educational entities in Egypt and all around the world.

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