.Egypt’s Fintech SETTLE Binds USD 2 M in Pre-Seed Funding.CLEAR UP, an Egypt-based fintech, has raised USD 2 M in a pre-seed backing round led through Shorooq Allies. El Sewedy Funds Holding, Acasia Ventures, and also Plus VC got involved. Founded in 2023 through Kamil Sayour and also Mostafa Mobarak, clear up promotions an online B2B remittance platform aimed at improving companies’ economic operations.The business considers to utilize the funds to expand into global markets as well as further establish its own platform.
Presently in its own pre-launch period, resolve insurance claims to have refined over USD 1 M in transactions throughout its screening stage, operating all over building and construction, energy, and recruiting industries. The platform targets to streamline settlement processes while delivering companies real-time cash flow insights.