Egyptian cybersecurity startup Raspire, founded by Hassan Mostafa and Karim Selim, has been accepted into the prestigious Y Combinator accelerator. The move marks a significant step for the company’s global ambitions and highlights Egypt’s growing influence in the deep tech and fintech infrastructure sectors.
Quick Facts
- Accepted into the Y Combinator accelerator.
- Building a no-code runtime security platform.
- Protects applications used by 20 million end-users.
From Fintech Gaps to a Security Solution
The concept for Raspire grew directly from the founders’ experience building and securing applications for banks and fintech companies. They noticed a critical gap in the market: while backend infrastructure was heavily protected, security for applications after deployment was often an afterthought.
This vulnerability has become more pronounced with the rise of rapid development tools and “vibe coding,” which allows for faster app launches but can introduce new security risks at runtime. Raspire was created to address this specific challenge.
Securing Apps Without the Complexity
Raspire is developing a no-code platform that provides runtime protection for applications without slowing down development or impacting the user experience. The solution allows engineering teams to add security layers quickly, a key feature for modern teams focused on speed and scalability.
The startup targets organizations in high-risk, regulated industries such as banking, insurance, fintech, and government services, where data sensitivity and user trust are paramount. With applications protected by Raspire already serving over 20 million end-users, the company is demonstrating early market traction for its “security without complexity” approach.
Y Combinator: A Launchpad for International Scale
Joining Y Combinator gives Raspire direct access to world-class mentorship, a network of global investors, and a platform to accelerate its international expansion. The founders specifically credited YC partners Andrew Miklas and Nemil Dalal for their support during the selection process.
With this new backing, Raspire will focus on scaling its technology and growing its customer base in a competitive cybersecurity market.
Egypt’s Deep Tech Scene Gains Momentum
Raspire’s acceptance into Y Combinator is part of a larger trend of Egyptian founders building technologies with global appeal. As more startups from the country gain entry into top-tier accelerators and attract international investors, Egypt is cementing its position as a key player in the global tech ecosystem, especially in specialized fields like cybersecurity and fintech.
About Raspire
Raspire is an Egyptian-founded cybersecurity company building a no-code runtime protection platform. The startup focuses on securing applications for regulated industries, enabling organizations to deploy protection layers without disrupting development cycles or user experience.
Source: Arab Founders
