Orange Ventures has launched submissions for its Seed Challenge, which will see the VC firm grant €500k in capital to one fintech startup from Egypt. This comes less than a month after the VC launched its Orange Digital Centre in Cairo.
Orange Ventures is the Orange Group’s corporate venture capital arm, with €350 million under management and offices in Paris, Dakar, and Cairo. Orange Ventures focuses on investing in creative entrepreneurs in Orange’s strategic fields of interest, which are mostly in Europe, the Middle East, and Africa.
It provides access to the Orange Group’s experience and the opportunity to create synergies with the Orange Group’s many sales divisions and 262 million customers spread across 26 countries to the companies in which it invests.
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Seed-stage fintech businesses based in Egypt that have raised less than €1 million in total equity capital are eligible to apply.
Aside from the financing, the winning firm will be invited to join the Orange Digital Centre for six months, where they will have access to workspace and mentoring programs, as well as the opportunity to present to Orange Egypt’s executive committee and discuss cooperation options.
The Orange Ventures seed challenge application deadline is February 15th, and you may apply here.
Egyptian fintechs Egyptian fintechs
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer