Egypt-based startup PALM has successfully completed a pre-seed funding round with the participation of several investors. The company's main goal is to provide users with accessible savings tools tailored to their needs.
Benefits of New Investments
Funding was provided by 4DX Ventures, with participation from Plus VC and several international angel investors. The funds will be directed towards product development and expanding partnerships to provide savings tools for millions of clients across North Africa.
Company Goals and Vision
Co-founder and CEO of PALM, Mazen El Kerdany, emphasized that the startup aims to help Egyptians take control of their financial future. He believes that the old savings model no longer works, necessitating a financial plan less reliant on traditional principles.
Financial Inclusion and Company Future
PALM positions itself as a key player in advancing financial inclusion in Egypt and North Africa. Through its innovative savings platform, it aims to make savings accessible and integrated into daily life.
The startup PALM demonstrates potential for transforming savings approaches in Egypt by utilizing modern technologies and strategies focused on financial accessibility.
