Since March 2022, Nclude has invested over $42.5 million in 12 transactions, supporting notable companies such as Paymob, Khazna, Flapkap, and Connect Money.

Ahmed Sobhy, CIO of Banque Misr, expressed enthusiasm about the partnership with DPI, aiming to foster innovation and transform businesses into leaders in their respective fields.

Banque Misr, the anchor investor in the Nclude Fund launched in 2022, has transitioned the management of the fund to DPI Venture Capital to enhance early-stage fintech companies.

The Nclude Fund, which is Africa's largest fintech-focused fund, currently manages $105 million with a target size of $150 million.

Launched with support from the Central Bank of Egypt, Nclude is backed by major Egyptian banks and financial service LPs, including e-Finance Investment Group, EBC, and Mastercard.

The fund is allowed to invest up to 30% of its commitments in companies across the wider Middle East and Africa, further strengthening Egypt's status as a fintech hub.

Hisham Okasha, CEO of Banque Misr, emphasized the fund's critical role in supporting venture capital and integrating fintech companies into the bank's ecosystem.