Sahl, Egypt’s premier mobile expense settlement application, lately participated in Gitex Africa 2024 (www.GITEXAfrica.com), Africa’s biggest and most prominent modern technology occasion. This turning point highlights Sahl’s dedication to showcasing its ingenious options on a worldwide phase and its duty in changing the economic landscape in Egypt and past.
At Gitex Africa 2024, Sahl gotten in touch with prospective companions, financiers, and clients, showing its detailed variety of solutions and advanced modern technology. Sahl supplies individuals unmatched ease, permitting them to pay expenses for over 50 solutions, consisting of power, gas, water, and mobile, via a solitary, simple system. The application makes use of NFC modern technology, allowing individuals to reenergize pre-paid cards anytime and anywhere. In addition, Sahl has actually presented B2B item offerings to sustain energy solutions and settlement approval for various other business, increasing its target market and effect.
Sahl is just one of minority business in Egypt straight incorporated with a number of governmental entities, supplying individuals smooth accessibility to solutions from Egyptian Electrical energy Holding Carbon Monoxide (EEHC), New Urban Communities Authority (NUCA) for water solutions, telecommunications drivers (Vodafone, WE, Orange, and Etisalat), Petrotrade for gas solutions, Cable television Network Egypt, and others. Moreover, Sahl is the unique service provider of NFC pre-paid power meters in Egypt, offering 15 million families with pre-paid power meters. With the application, individuals can bill their meters and pay online, conserving around thirty minutes per deal by getting rid of the demand to see a billing terminal.
In an additional considerable growth, Sahl has actually been picked to sign up with the respected Visa Accelerator program. This program is created to aid ingenious fintech start-ups scale their procedures and improve their technical abilities. With the Visa Accelerator program, Sahl will certainly access to Visa’s substantial network, sources, and knowledge, increasing its development and increasing its solution offerings.
Sahl has actually additionally effectively elevated $6 million in Collection A and seed financing, placing itself as a one-stop look for home expenses in partnership with federal government entities. The financing round was led by Ayady for Financial Investment and Advancement, a popular Egyptian investment company recognized for sustaining ingenious start-ups. Signing up with Ayady in this financial investment are existing financiers Egypt Pay, Delta Electronic Devices, and E-Finance Financial Investment Team, every one of whom bring considerable knowledge and sources to the table.
” We are enjoyed have the assistance of well-regarded financiers as we proceed our trip to transform expense repayments in Egypt,” claimed Abdullah Assal, Sahl Chief Executive Officer. “These advancements will certainly allow us to improve our modern technology, broaden our solutions, and get to even more individuals, eventually adding to economic addition and electronic makeover in the area.”
Sahl’s vibrant group of owners brings a riches of experience and knowledge to the firm. Chief Executive Officer Abdullah Assal, with an MBA from Stanford and a history in leading Globaltronics, drives the firm’s vision. CPO Ahmed Othman, called Kika, leverages his item monitoring and money experience at CI Funding, to promote development. CTO Ibrahim Assal, with an abundant history in software application design from business like Palantir, Careem, and Microsoft, guarantees durable technical growth.
Sahl is devoted to digitizing energy repayments in Egypt, driving the fostering of electronic networks over standard money purchases. With a vision to construct a thorough Super-app for economic monitoring, Sahl is dedicated to providing first-rate economic solutions to its clients.
Dispersed by APO Team in behalf of GITEX Africa.
