What is Dayra?
Founded in 2020, Dayra operates as a comprehensive financial services platform designed to bridge the gap for unbanked gig-workers and micro-businesses. The company provides a suite of essential tools, including virtual bank accounts, prepaid cards, and sophisticated payment management systems. By offering streamlined access to credit, Dayra addresses the liquidity challenges faced by independent contractors and small-scale entrepreneurs. Its market position is defined by its ability to integrate seamlessly into the daily operations of its users, effectively digitizing cash-heavy workflows and fostering greater financial inclusion across Egypt.
How much funding has Dayra raised?
Dayra has raised a total of $3M across 1 funding round:
Other Financing Round
$3M
Other Financing Round (2021): $3M with participation from EFG Hermes, EFG EV Fintech, and Tanmiya Capital Ventures
Key Investors in Dayra
EFG Hermes
A leading financial services corporation in the Middle East, specializing in investment banking, asset management, and brokerage services.
EFG EV Fintech
A specialized venture capital arm focused on accelerating the growth of innovative fintech startups within the Egyptian market.
Tanmiya Capital Ventures
A private equity firm dedicated to supporting high-growth companies through strategic capital and operational expertise.
What's next for Dayra?
With this major strategic investment, Dayra is well-positioned to accelerate its product development and expand its operational footprint. The company is expected to leverage this capital to enhance its credit scoring algorithms and scale its infrastructure to support a larger user base. As the gig economy continues to evolve, Dayra's focus on providing scalable, enterprise-grade financial solutions will be critical in maintaining its competitive edge. Future growth will likely center on deepening its integration with local payment ecosystems and potentially exploring regional expansion to replicate its successful model in neighboring markets.
See full Dayra company page
