T-Vencubator Launches Tafweela to Digitize Vehicle Payments in Egypt

STARTUP VENTURE CAPITALNovember 14, 2024 at 3:53 PM UTC

TLDR

T-Vencubator introduces Tafweela, a pioneering project targeting Egypt's vehicle payments sector, offering a convenient tap-and-go payment solution.
Tafweela, founded by Marwan El Shayeb in 2023, focuses on B2B services initially and plans expansion to individual consumers.
T-Vencubator's backing of Tafweela showcases its dedication to Egypt's startup ecosystem, paralleled by the launch of T-Fund for investing in startups by 2025.

T-Vencubator, an entity providing venture building, venture capital, and incubation services, has unveiled Tafweela as its first venture-building project.

Tafweela aims to modernize Egypt’s vehicle payments sector with an end-to-end, tap-and-go payment solution, eliminating cash handling and streamlining fleet management for businesses. Founded in 2023 Tafweela has already launched a B2B model and plans to expand to individual consumers soon.

This move aligns with T-Vencubator’s mission to foster startups that advance digital transformation across critical sectors in Egypt. As the first company in T-Vencubator’s venture-building portfolio, Tafweela will receive capital investment, mentorship, and operational expertise to accelerate its growth and scale efficiently.

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Key Takeaways

T-Vencubator’s support of Tafweela highlights its commitment to Egypt’s startup ecosystem. By providing comprehensive resources, T-Vencubator enables Tafweela to serve as a model for future ventures. Alongside venture-building initiatives, T-Vencubator also launched T-Fund, a venture capital arm aiming to invest in five startups by 2025, further strengthening Egypt’s entrepreneurial landscape.

Startups

T-Vencubator

Tafweela

Egypt

Fintech

Payments