Egypt's Sahl Raises $6m to Expand Beyond Bill Payments Into Broader Financial Services
The bill-payment platform, which serves millions of Egyptian households, is broadening into a wider financial-services provider.
Egyptian fintech Sahl has raised $6 million in a combined seed and Series A round led by Ayady for Investment and Development, with participation from existing investors including Egypt Pay, Delta Electronics Systems and e-finance.
Founded in 2020 by Ahmed Othman, Ibrahim Assal and Abdullah Assal, Sahl operates a bill-payment platform covering utilities such as water, electricity and gas, along with telecom top-ups, fees, TV subscriptions and donations. The company says it serves millions of households.
Sahl said it would use the funding to expand its offering toward a broader financial-services platform and to pursue growth beyond Egypt.
The company has also partnered with Cairo-based fintech Klivvr to enable in-app instalment payments.