Egyptian climate-tech startup DAWAR Circular Solutions has secured a nine-figure financing facility from a trio of local financial institutions. The funding round saw participation from non-bank financial services provider GlobalCorp, supply chain financing firm Tawasoa, and the Commercial International Bank (CIB), Egypt’s leading private sector bank.
Quick Facts
- Secured a nine-figure financing facility.
- Tracked over 90,000 tons of materials.
- Operates across 22 Egyptian governorates.
Digitizing Egypt’s Fragmented Waste Sector
DAWAR operates a digital infrastructure platform designed to bring transparency and efficiency to Egypt’s traditionally fragmented waste sector. By tracking and verifying the movement of recyclable materials from collection points through to aggregators and traders, the company transforms disorganized waste recovery into traceable, audit-ready supply chains.
This digital documentation helps businesses meet evolving regulatory requirements and the transparency demands of international markets. The platform generates reliable data on the origin and processing of materials, addressing significant information gaps within the region’s waste management industry. To date, the company has successfully documented over 90,000 tons of recyclable materials.
Fueling Trade and African Expansion
The new capital will be used to directly finance the trade of recyclable materials that flow through DAWAR’s monitored network. The company’s technology provides the essential tracking infrastructure that enables these material flows to be documented, verified, and ultimately financed.
With its local network expanding, DAWAR is also exploring opportunities beyond Egypt. The company is targeting nearby African markets that face similar structural challenges in their waste value chains, where its tracking infrastructure could accelerate formalization and efficiency. This move follows DAWAR’s earlier acquisition of a stake in local platform BekyaPay, aimed at broadening its digital recycling network within Egypt.
About DAWAR Circular Solutions
Founded in 2017 by Amr Fathi, Mustafa Khairt, and Hussain Barda, DAWAR Circular Solutions is a technology company focused on formalizing waste value chains. Its digital platform provides the infrastructure to track, verify, and finance the flow of recyclable materials, enhancing transparency and creating auditable supply chains for businesses and regulators.
Source: Follow ICT
