Wallets/khazna
Khazna
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Overview
Khazna is Egypt's salaried-worker financial super-app, founded 2019 [1, 2, eg-cro]. 500,000+ users + 100,000+ employees receiving salaries directly through Khazna platform.
February 2025 — Khazna $16M pre-Series B [3]:
- Total funding to date: $63M+
- Round purpose: Egypt digital banking license pursuit + Saudi Arabia expansion
- Mid-2026 target: Egypt digital banking license from CBE (Central Bank of Egypt's digital-bank regulatory framework laid out July 2024)
Khazna product range [1]:
- Core product: Credit offering to payroll + pension recipients + unsecured loans to gig workers.
- Additional: Bill payments + buy now, pay later + medical insurance + rent-to-own product.
Distinctive positioning: Low + middle-income workers target — Egypt's underbanked salaried/pension/gig population.
History
2019 — Khazna founded [1] by Omar Saleh (CEO) + Ahmed Wagueeh (CTO) + Fatma El Shenawy + Omar Salah — Egyptian fintech entrepreneurs.
2019-2024 — Egyptian salaried-worker adoption [1]: 500K+ users + 100K+ employees with direct salary deposit.
February 4, 2025 — Khazna $16M pre-Series B funding [3]: Cumulative $63M+; Saudi expansion + Egypt digital banking license pursuit.
Mid-2026 target: Egypt CBE digital banking license.
Ownership & operator
Operating entity: Khazna (Egyptian fintech).
Co-founders: Omar Saleh (CEO) + Ahmed Wagueeh (CTO) + Fatma El Shenawy + Omar Salah.
Major investors: Speedinvest + Quona Capital + Khwarizmi Ventures + Wamda Capital + Algebra Ventures + Tribe Capital + Disruptech Ventures + others.
Regulators: CBE (Central Bank of Egypt) + Egyptian Financial Regulatory Authority + pursuing CBE digital banking license.
Technical integration
| Layer | Description |
|---|---|
| Channels | Khazna mobile app (iOS + Android) |
| Identifiers | Phone + email |
| EG rail | [[meeza]] (Egypt national debit + POS-mandatory) |
| Sub-products | Salary advances + microloans + payroll-deposit integration + bill payments + BNPL + medical insurance + rent-to-own |
| License | Fintech + lending (CBE) + pursuing digital banking license (mid-2026 target) |
| Target market | Low + middle-income Egyptian salaried/pension/gig workers |
Users & growth
- Users: 500,000+
- Employees with direct salary deposit through Khazna: 100,000+
- Cumulative funding: $63M+
- Feb 2025 pre-Series B round: $16M
- Strategic targets: Mid-2026 CBE digital banking license + Saudi Arabia expansion
Use cases
Egyptian salaried/pension/gig-worker financial services (credit + payroll-deposit + advances + microloans + bill payments + BNPL + medical insurance + rent-to-own); Saudi Arabia expansion (post-Feb 2025 $16M); preparing for CBE digital banking license (mid-2026 target).
Implementations & partners
Operator: Khazna (Omar Saleh CEO + Ahmed Wagueeh CTO + Fatma El Shenawy + Omar Salah co-founders).
Major investors: Speedinvest + Quona Capital + Khwarizmi Ventures + Wamda Capital + Algebra Ventures + Tribe Capital + Disruptech Ventures + others.
Major Egyptian fintech competitors:
- [[mnt-halan]] (Egypt's first fintech unicorn; 8M+ customers; $11B+ cumulative loans)
- [[fawry]] (Egypt's #1 payment platform; 54.8M monthly users; EGX-listed)
- [[vodafone-cash]] (Egypt's #1 mobile-money wallet by transactions + value)
- InstaPay (CBE-led national instant payment)
Regulators: CBE + Egyptian Financial Regulatory Authority + pursuing CBE digital banking license.
Fun facts
- Egypt's salaried-worker financial super-app for low + middle-income Egyptian workers.
- 2019 founding by Omar Saleh + Ahmed Wagueeh + Fatma El Shenawy + Omar Salah.
- 500K+ users + 100K+ employees with direct salary deposit through Khazna.
- February 2025 $16M pre-Series B + $63M+ cumulative funding.
- Mid-2026 target: CBE digital banking license (Egypt CBE digital-bank regulatory framework laid out July 2024).
- 2025 Saudi Arabia expansion post-pre-Series B.
- Backed by Speedinvest + Quona Capital + Khwarizmi Ventures + Wamda Capital + Algebra Ventures + Tribe Capital + Disruptech Ventures.
- Product range: salary advances + microloans + BNPL + medical insurance + rent-to-own.
Comparison
| Feature | Khazna | [[mnt-halan]] (EG first fintech unicorn rival) | [[fawry]] (EG #1 payment platform) | [[vodafone-cash]] (EG #1 mobile-money) | [[hala]] (Saudi SME comprehensive analogous) |
|---|---|---|---|---|---|
| Operator | Khazna (Omar Saleh CEO + Ahmed Wagueeh CTO + co-founders; Speedinvest + Quona + Khwarizmi + Wamda + Algebra + Tribe + Disruptech backed) | MNT-Halan (Mounir Nakhla; Chimera + Apis + DPI + IFC backed) | Fawry (EGX: FWRY; Ashraf Sabry) | Vodafone Egypt (Vodafone Group + Telecom Egypt JV) | Hala (TPG + Sanabil $157M Sep 2025) |
| Type | EG salaried-worker financial services (advances + loans + payroll + BNPL + insurance + rent-to-own) | EG fintech unicorn — lending + digital payments + unbanked-banking + first-mover REIT | EG #1 payment platform + agent network + multi-segment financial services | EG #1 mobile-money wallet by transactions + value | Saudi SME comprehensive infrastructure |
| Country | EG + SA expansion | Egypt | Egypt | Egypt | Saudi + UAE |
| Users | 500K+ + 100K+ employees direct salary | 8M+ + 2M active quarterly + $11B+ cumulative loans | 54.8M monthly + 377K agents + 6M+ daily tx | 11.4M active | 140K+ SMEs + $8B annual |
| Funding | $63M+ cumulative + Feb 2025 $16M pre-Series B | EGP 15B 2025 securitised bonds ($315M); $157.5M post-unicorn raise | Public EGX | Vodafone Egypt parent-anchored | Sep 2025 $157M Series B |
| 2026 distinctive | Mid-2026 CBE digital banking license target + Saudi Arabia expansion | $4.5-5B 2026 financing portfolio target + decacorn 5-7 years | FY2025 record EBITDA 4.97B (+80.8%, 57.4% margin) | FY2025 €113.7M revenue (+18.8%); Mar 2026 TapTap Send | Saudi Stripe-for-MENA-SMEs |
Status
Active, Egypt's salaried-worker financial super-app [1, 3]:
- Khazna (Omar Saleh CEO + Ahmed Wagueeh CTO + co-founders) since 2019.
- 500K+ users + 100K+ employees with direct salary deposit through Khazna.
- February 2025 $16M pre-Series B + $63M+ cumulative funding.
- Mid-2026 CBE digital banking license target + Saudi Arabia expansion.
- CBE + Egyptian Financial Regulatory Authority + pursuing CBE digital banking license.
Sources
- 1 Khazna $16M financial super-app SA expansion — TechCrunch
- 2 Speedinvest Khazna investment thesis
- 3 Khazna $16M SA + digital banking license — Fintech Magazine Africa
- 4 Egypt's most well-funded fintechs 2025
- eg-cro In-corpus:
reports/countries/EG-egypt.md
Source
Biography extracted from khazna.md. See matrix.md for standards-support matrix if present.