Van Campen Liem acted for Khazna on their US$ 38mio financing round in a mix of Series A equity and a venture debt facility

Van Campen Liem acted for Khazna on their US$ 38mio financing round in a mix of Series A equity and a venture debt facility. The Series A was led by Quona Capital with participation from other investors including Nclude, Speedinvest, Algebra Ventures, Accion Venture Lab and Disruptech, while the venture debt financing was provided by Lendable.

Khazna launched in 2020 with an earned wage access product that has since grown into the multi-product offering available today. Khazna currently offers General Purpose Credit, Buy Now Pay Later (BNPL), and Bill Payment. The company’s vision is to digitize cash transactions across Egypt, in response to the Central Bank of Egypt’s recent push for financial inclusion and a “less-cash” framework.

The VCL team leading the Series A equity round included Saman Sadeghi, Gülsüm Aslan, Pepijn van Egmond and Robin de Meester while Tom Mitchell led the Lendable facility.

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https://techcrunch.com/2022/03/31/egyptian-financial-super-app-khazna-raises-38m-from-quona-capital-and-lendable