Egypt

Competition

Entrepreneurship

Orange - Fintech Startup Seed Challenge 2022 Movemeback African initiative cover image

Details

Orange Ventures offers the best of tho worlds, coupling the independent and quick decision-making scheme of classic VCs with the access to the unique technological and commercial expertise of Orange Group. Orange Ventures calls entrepreneurs with a bold vision and passion for disruption and expansion to join the Seed Challenge – FinTech Egypt. Orange Ventures is the corporate VC of Orange Group. Following the official opening launch of the Orange Digital Center in Cairo in December 12th, Orange Ventures and Orange Egypt are launching a Seed Challenge to invest up to 500K Euro in a fintech startup in Egypt.

Criteria

  • Tech-driven startup focusing on fintech
  • Mainly operating in Egypt
  • Seed-stage company, have not raised more than €1M in total equity funding

Benefits

In addition to the investment, Orange Egypt offers the winning startup to:

  • Join the Orange Digital Center for six months (workspace, mentoring programs from Orange Fab)
  • Pitch to the Executive Committee of Orange Egypt and discuss partnership opportunities

About Orange

Orange is one of the world’s leading telecommunications operators with sales of 42 billion euros in 2019 and 147,000 employees worldwide at 31 December 2019, including 87,000 employees in France. The Group has a total customer base of 266 million customers worldwide at 31 December 2019, including 207 million mobile customers and 21million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new "Engage 2025" strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.