National Bank of Egypt

About the fund

Acquired and managed by DPI as of April 2025, the Nclude Fund catalyzes Egypt’s fintech ecosystem and boosts digital financial inclusion. With $105 million under management, its portfolio spans high-growth tech-enabled startups such as Paymob, Khazna, Flapkap, and Connect Money. The fund is backed by major Egyptian banks (Banque Misr, National Bank of Egypt, Banque du Caire) and global financial LPs including Mastercard, with ongoing guidance from the Central Bank of Egypt. DPI leverages its continent-wide reach to help Egyptian fintechs expand across Africa, making the fund a key platform for regional innovation and access to financial services.