Egypt's Khazna Secures $16 Million in Pre-Series B for Financial Super App and Banking License in Saudi Expansion

Egyptian fintech company Khazna has successfully secured $16 million in a pre-Series B funding round, which will be allocated towards the development of its financial super app and its expansion into the Saudi Arabian market. Following this funding achievement, Khazna plans to apply for a banking license to enhance its operational capabilities. The investment was reported by multiple sources, including TechCrunch and Finextra, underscoring the growing interest in fintech solutions within the region.