Sequoia leads $5M pre-seed in Egypt’s 1-month-old digital bank Telda
Telda, a newly launched digital bank, is announcing a $5 million pre-seed round to digitize how Egyptians save, send and spend money, TechCrunch reports.
Like any digital bank globally, Telda enables customers to create a free account to send and receive money. And also a card to use online, in stores, make withdrawals and pay bills. But while the service is currently live, Telda cards are yet to be distributed to existing and new customers.