Home Business Startup Raseedy, the Fintech Startup Behind Egypt’s First Independent Digital Wallet
Startup - November 20, 2020

Raseedy, the Fintech Startup Behind Egypt’s First Independent Digital Wallet

Egyptian fintech startup Raseedy has launched the first independent digital wallet in its country, filling a gap in the payments market by enabling users to move money, buy from their phones through QR code, and more.Founded in 2018 by Jacques and Karl Marco, Raseedy, in partnership with Saib Bank and Mastercard, launched the digital wallet.

A secure, lightweight, and cross-platform mobile app, the Raseedy digital wallet empowers its users with great financial versatility and security and is fully certified by Meeza, the operator of the national payment system. Raseedy has a network of over 14,000 ATMs and 70,000 national POS cash-in/cash-outs.

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“We believe that it is our mission at Raseedy to improve our users’ lives by giving them more control and visibility over their finances. With the government’s push towards financial inclusion and digital transformation, launching our independent wallet now is the prime opportunity for Raseedy. We are excited to see our wallet hit the one-million users’ milestone in the coming months,” said Jacques Marco, the startup’s chief executive officer (CEO).

“We, at Raseedy, have a vision that our digital wallet will substitute cash in everyday life in an efficient, transparent, and cost-effective way,” says Karl Marco, chief operating officer (COO) at Raseedy.

“We strive to deliver easy-to-use, trustworthy, and innovative digital solutions. Raseedy achieves this by focusing on having simple registration procedures and an intuitive user experience accessible at every socio-economic level.”


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