Egypt's Kiwe Secures Final CBE Approval for Social Fintech Platform
Kiwe, an Egyptian fintech founded in 2021, received final approval from the Central Bank of Egypt (CBE) to launch its application and card. The platform was built in partnership with Banque Misr, Visa, Meeza, and ModuPay, combining international payment technology with local banking infrastructure. Kiwe's core feature set includes social money tools for group expenses, shared goals, and collective planning, alongside instant free transfers and real-time spending insights.
The company was founded by Mohamed Khalifa, Fatma Khalifa, and Omar Kamel. Investors include EFG Hermes, Valu, Cairo Capital, Dfin Holding, Marakez Group, and EFG EV. With the CBE approval secured, Kiwe is preparing for a full 2026 launch and plans to introduce additional financial products.
- CBE approval signals growing regulatory openness to embedded finance models in MENA markets
- Social-centric fintech platforms represent a new distribution channel for embedded banking services in emerging markets
- NewsZawya — Apr 2026