KlickIt, an Egypt fintech has raised its first funding round in an investment led by EFG Finance and Camel Ventures – the venture capital arm of dfin Holdings. The investment will go towards solidifying its technology stack, implementing value-add features to cross-sell additional services to the company’s wide network of schools and institutions with their fast-rising customer base.
The Egypt payment management and digital collection platform was founded by Saeed Talaat in 2017 and looks to digitize and streamline its end-to-end payment processes while catering to public and private educational entities across Egypt and the globe.
Since its inception, over EGP 500 million in payment transactions have been processed by KlickIt on behalf of several educational entities. According to CEO Saeed Talaat, the investment will go towards “solidifying our tech stack and scaling our services.”
Based in Cairo, KlickIt is a FinTech and digital fees management platform, has processed over EGP 500 million in value of payment transactions for educational entities, and is fully backed by collaborations with market leaders such as Banque Misr and e-finance.
Last year KlickIt partnered with GEMS, Banque Misr, and the Egyptian Ministry of Education. The startup currently serves over 55,000 Egyptian public schools covering over 25 million pupils. This adds to the portfolio of 230 educational enterprises of varying sizes that are privately held.