Egyptian fintech startup Kiwe has received final approval from the Central Bank of Egypt (CBE) to officially launch its application and payment card. The approval allows the Cairo-based company to roll out its platform, which is built around the social aspects of financial transactions, to the wider Egyptian market.
Quick Facts
- Received final operational approval from the CBE.
- Focuses on social money features and financial literacy.
- Backed by EFG Hermes, Valu, and Cairo Capital.
A New Approach to Social Payments in Egypt
Kiwe sets itself apart by focusing on how people use money together. The platform is designed to ease financial interactions between friends and family, allowing users to manage group expenses for trips, celebrations, or shared goals. The company aims to remove the friction from these collaborative financial activities.
Alongside its social features, Kiwe provides a suite of personal money management tools. Users can perform instant and free transfers, track their spending in real-time, and get a clearer view of their financial habits. The platform emphasizes financial literacy, aiming to give users better control and insight into their financial decisions.
Strategic Partnerships and Key Backers
To deliver its services, Kiwe has developed its platform in partnership with major players in the financial sector, including Banque Misr, VISA, Meeza, and ModuPay. This combination of international payment technology and established local banking infrastructure is central to providing a secure user experience.
The startup is also supported by a strong lineup of financial and investment institutions. Key backers include EFG Hermes, Valu, Cairo Capital, Dfin Holding, Marakez Group, and EFG EV, signaling significant confidence in the company’s market strategy and governance.
Reimagining Everyday Finance
Omar Kamel, Co-Founder of Kiwe, commented on the regulatory milestone.
“Receiving final approval from the Central Bank of Egypt is a defining moment for Kiwe. From day one, our goal has been to rethink how people experience money — to make it simpler, more relevant, transparent, and social. With the launch of our app and card, we’re offering users a platform that helps them manage, share, and understand their money in a way that feels natural and empowering.”
With the CBE approval secured, Kiwe is preparing for a strong launch in 2026 and plans to introduce additional financial products in the future.
About Kiwe
Founded in 2021 by Mohamed Khalifa, Fatma Khalifa, and Omar Kamel, Kiwe is an Egyptian fintech company focused on social payments. The platform is designed to simplify how people move, manage, and share money together for everyday activities and shared goals.
Source: Zawya
