- Egypt-based fintech HEDG has raised a six-figure pre-seed funding round from undisclosed investors based in Egypt and Saudi Arabia.
- Founded in 2022 by Ahmed Abdel Moaty and Ahmed Elaki, HEDG is a savings management platform that offers pension plans to private sector employees.
- HEDG plans to expand its presence in Egypt and strengthen its B2B services.
press release:
A Cairo-based fintech startup (HEDG) has secured a six-figure pre-seed funding round from local and Saudi investors.
Founded in July 2022 by technology visionaries Ahmed Abdel Mohti and Ahmed Elaki, HEDG aims to revolutionize retirement planning for civilian workers in Egypt.
On the back of this significant investment, HEDG is poised to redefine traditional retirement services through seamless digital experiences and customized retirement plans. HEDG is unique in its focus on addressing the specific needs of Egypt's micro, small and medium-sized enterprises (MSMEs) and providing alternative savings and investment avenues.
Aiming for greater heights, HEDG is introducing a pioneering B2B module. This module is designed to help businesses, from start-ups to large corporations, provide robust pension solutions for their employees. In doing so, HEDG will not only reshape the financial technology landscape, but also facilitate a new era of financial inclusion.
HEDG's technology-forward approach, commitment to transforming retirement services, and strategic corporate partnerships highlight its potential to redefine Mena's financial landscape. As HEDG refines its offerings and expands its presence in Egypt, it is positioned to become a fintech pioneer and blaze new trails across the region.
