A six-figure pre-seed fundraising round has been secured by the Cairo-based fintech company, HEDG from Saudi and local investors.
Founded in 2022 by Ahmed Abdel Moaty and Ahmed Eraqi, HEDG is a savings management platform that provides pension plans for employees in the private sector.
HEDG is preparing to reinvent traditional retirement services with seamless digital experiences and customized retirement plans, supported by this sizeable investment. The focus of HEDG, which provides alternate channels for savings and investment, is on meeting the special needs of Egypt’s micro, small, and medium-sized enterprises (MSMEs).
The most recent funding shows the growing interest from Arabian investors in funding Egypt’s infrastructure, real estate development, healthcare, financial services, food and agricultural, manufacturing, and pharmaceutical industries.
HEDG is about to release a ground-breaking B2B module, setting an even higher bar. This project is designed to assist companies of all sizes in offering solid pension plans to their staff members, from start-ups to multinational organizations. In doing so, HEDG is helping to usher in a new era of financial inclusion while also altering the financial technology environment.
The potential of HEDG to reshape Mena’s financial landscape is highlighted by its tech-forward approach, commitment to modernizing retirement services, and strategic corporate relationships. HEDG is in a position to lead the way in fintech in the area as it develops its services and strengthens its footprint in Egypt.