Egyptian digital savings startup Menthum has raised an undisclosed amount in a pre-seed funding round to support its team expansion and infrastructure development. Launched in November, Menthum offers a B2B and B2C digital savings platform that allows individuals and companies to invest in safe treasury bills through a money market fund. The startup is licensed and regulated by Egypt's Financial Regulatory Authority and has partnered with a leading investment manager to launch the first digital money market fund in the country. The funding round included participation from A15, Acasia Ventures, and several angel investors. The funds will be used to grow Menthum's team, acquire customers, enhance the brand, and develop the company's technology infrastructure. Acasia Ventures expressed confidence in Menthum's potential to transform savings tools in Egypt and contribute to the country's financial inclusion goals.
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