What is Dayra?
Founded in 2020 and headquartered in Cairo, Dayra operates as a financial services company. It is dedicated to serving the unbanked gig-worker and micro-business segments by providing essential financial tools. These include advanced payment management solutions, virtual bank accounts, prepaid cards, and crucial access to credit, thereby bridging a critical gap in financial inclusion for underserved entrepreneurs and workers.
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 Tanmiya Capital Ventures, EFG Hermes, and EFG EV Fintech
Key Investors in Dayra
Tanmiya Capital Ventures
Tanmiya Capital Ventures is likely a venture capital firm focused on supporting businesses within the region, potentially with an interest in financial technology or economic development initiatives.
EFG Hermes
EFG Hermes is a prominent financial services corporation in the Middle East and North Africa region, known for its investment banking, asset management, and research capabilities.
EFG EV Fintech
EFG EV Fintech is an entity associated with EFG Hermes, specifically targeting investments in the burgeoning fintech sector, indicating a strategic focus on innovative financial technologies.
What's next for Dayra?
The recent major strategic investment signals a pivotal growth phase for Dayra. This capital is expected to fuel the expansion of its service offerings, enhance its technological infrastructure, and broaden its market reach within Egypt and potentially into new regions. The company's focus on empowering gig-workers and micro-businesses positions it for substantial growth as the digital economy continues to expand.
See full Dayra company page
