“Investing in disruptive fintech and tech-enabled startups transforming financial services across Egypt and the region.”
DisrupTech Ventures is a Cairo-based venture fund founded in 2020 by Mohamed Okasha, the former Managing Director of Fawry (Egypt's largest digital payments platform), alongside Malek Sultan and Yehia Abouelwafa (former CIO at MNT-Halan Investments). The $36 million fund is backed by IFC and Proparco ($5 million each), plus AXIAN Group, and focuses on early-stage fintech and fintech-enabled companies.
The portfolio spans 21 companies across 12 markets, with the heaviest concentration in Egypt. Notable investments include Khazna (mobile financial services for the underserved), Brimore (social commerce and distribution), Chari (Moroccan fintech with 20,000+ retailers), and BankNBox (B2B fintech infrastructure). The founding team's deep roots in Egypt's payments ecosystem, particularly through Fawry, give portfolio companies direct access to the infrastructure and network that powers a significant portion of Egypt's digital financial services.
| Name | Role | X/Twitter | |
|---|---|---|---|
| Mohamed Okasha | Managing Partner & Co-founder | Not disclosed | Not disclosed |
| Malek Sultan | Partner & Co-founder | Not disclosed | Not disclosed |
| Yehia Abouelwafa | Partner & CIO | Not disclosed | Not disclosed |