Mastercard partners with payment app Telda to promote digital transformation

EGYPT – Mastercard, multinational financial services corporation, has announced a partnership with Telda, Egypt’s first of its kind payment app. This partnership is set to promote the country’s digital transformation and bring Egypt closer to its vision of becoming a digital economy, particularly benefiting new segments through an innovative consumer experience. Mastercard will also enable Telda to issue prepaid cards to its customers and facilitate transactions through Mastercard’s payment processing services. The Telda App offers users multiple features including sending and receiving money and is the first in the market…

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Fintech startup Telda raises US&5m pre-seed funding round led by Sequoia Capital

EGYPT – Telda, an Egyptian fintech startup, has raised a US$5 million pre-seed funding round, led by Sequoia Capital, as it looks to build on a strong first month of operations. The investment also saw the participation of US venture capital firms, Global Founders Capital and Class 5 Global. In its first month of operation, the startup has already acquired over 30,000 sign-ups, and it now plans to build on that strong start after raising US$5 million in pre-seed funding. The round is led by Sequoia Capital and is the…

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