COREangels MEA Launches $10M Fund to Fuel Fintech and Impact-Driven Startups Across MEA

In a bold move to empower the next wave of innovation across the Middle East and Africa, COREangels MEA has unveiled a $10 million investment fund dedicated to supporting early-stage startups solving real-world challenges.

Backed by PTS Holdings and co-managed with Kemtix Ventures, the fund focuses on startups developing fintech and SDG-aligned technologies, aiming to create inclusive, scalable, and impactful solutions in the region.

What’s the Big Idea?

COREangels MEA isn’t just throwing money at founders, they’re building an entire startup ecosystem. The fund offers:

• ✅ Up to $150,000 per startup in investment
• ✅ Tailored operational, advisory, and growth support from Kemtix’s innovation studio
• ✅ Access to cross-border networks and mentorship

Maha Mandour, Chairperson of PTS Holdings and Founding Partner of COREangels MEA, explained:

“We don’t just inject funds, we build ecosystems. COREangels MEA brings capital, capability, and community to founders ready to make a difference.”

Who’s behind COREangels MEA?

COREangels MEA is a regional chapter of COREangels International, a global angel investment network. Their model blends smart capital with expert guidance to help early-stage ventures scale responsibly.

The fund is co-managed by Kemtix Ventures, known for its innovation-focused approach. This partnership ensures that startups don’t just receive funding, but also the operational tools and know-how to thrive.

Fintech for Impact

This year’s spotlight is on inclusive fintech, with the theme:

“Fintech as the Foundation for Inclusive Growth.”

With the fintech market in MEA expected to top $100 billion by 2028, COREangels MEA is investing in startups that tackle financial access gaps, a pressing issue across many African and Middle Eastern communities.

Meet the Top 5 Startups

From over 1,000 applications, five standout startups made the cut during COREangels MEA’s 5th Investment Committee held in Cairo at the Arab Academy for Science, Technology & Maritime Transport (AAST):

• ✅ eMaisha Pay (Uganda) – Digital tools for farmers, including microloans, savings, and insurance
• ✅ RentBeta (East Africa) – Flexible rent payment solutions and automated rent collection
• ✅ Aqua Offers (Egypt) – AI-powered savings and loyalty rewards platform
• ✅ Monak (MENA) – Bundled finance, health, and insurance services for migrant workers
• ✅ Reeple (Nigeria) – Streamlined global payment platform for African freelancers

These startups were carefully evaluated by Kemtix Ventures based on scalability, impact potential, and market readiness.

What’s Next?

COREangels MEA is on a mission to bridge the funding gap for early-stage founders by combining:

• Local and regional capital
• Deep operational support
• Global investor networks

This fund is more than an investment, it’s a commitment to empowering innovation that makes a difference.