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.

Read more: TechCrunch