# Egyptian Banks Company

Egyptian Banks Company is an Operating Fund based in New Cairo, Egypt.

## Overview

- **Organization type:** Operating Fund
- **Headquarters:** New Cairo, Egypt
- **Region:** Middle East
- **Address:** Building No. 223, Off 90 St., Fifth Settlement, New Cairo, Cairo, Egypt
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** egyptianbankscompany.com
- **LinkedIn:** https://www.linkedin.com/company/egyptian-banks-company

## Regulatory record

- **Reports private funds:** No

## About

We Enable Seamless Fund Transfers | Egyptian Banks Co. for Technological Advancements “EBC” is the advanced developer and operator of payments infrastructure connecting the payments ecosystem, to offer seamless, interoperable and instant payment experience.

## Sectors

- FinTech
- Enterprise Software
- Payments
- Financial Infrastructure

## People

- Tarek Raouf — Executive Chairman and CEO
- Ramy Aboulnaga — Non-executive Chairman

## Questions

### Who runs investment decisions at Egyptian Banks Company?

Tarek Raouf, as Executive Chairman and CEO, leads the overall investment strategy. For the Nclude Fund, investment committee decisions involve representatives from the anchor bank shareholders — National Bank of Egypt, Banque Misr, and Banque du Caire — alongside the fund's management team. Ramy Aboulnaga, the CBE Deputy Governor, serves as Non-executive Chairman, ensuring alignment with the central bank's broader financial inclusion mandate.

### How does EBC source its investment deals?

EBC has a structural sourcing advantage through its operation of Egypt's national payment infrastructure. The firm can observe emerging fintechs that integrate into the Meeza card scheme or InstaPay instant payment rails, identifying high-velocity startups before they appear on external investors' radars. Its shareholder banks — the three largest in Egypt — also provide referral pipelines from their corporate and retail banking client bases.

### What does the Nclude Fund invest in, and at what stage?

Nclude is a $150 million fintech-focused fund investing in Egyptian fintech startups from seed through Series B. The fund targets companies building payments infrastructure, consumer credit, earned-wage access, digital banking, and merchant acceptance tools. Its known portfolio includes Khazna, Lucky, and Paymob. Investment sizes range from roughly $500,000 at seed stage to over $10 million for growth rounds.

### Where does EBC's capital come from?

The capital deployed through the Nclude Fund comes from EBC's shareholder banks: National Bank of Egypt, Banque Misr, and Banque du Caire, all state-controlled institutions. Mastercard is also an anchor investor. The broader EBC entity is funded by the Central Bank of Egypt and generates operational revenue from managing the national payment infrastructure.

### What is EBC's relationship with InstaPay and Meeza?

EBC built and operates both systems under mandate from the Central Bank of Egypt. Meeza is Egypt's domestic card network and POS infrastructure, while InstaPay is the real-time payment application that has onboarded over 6.5 million users. These are operational assets, not equity investments — EBC earns fees for managing the infrastructure, and the transaction data from these systems informs its venture investing arm.

## Related profiles

- [DSP Investment Managers](https://altss.com/profile/dsp-investment-managers)
- [J-POWER](https://altss.com/profile/electric-power-development-company-j-power)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/egyptian-banks-company

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology