What is Dayra?
Founded in 2020, Dayra operates at the intersection of financial inclusion and digital infrastructure. The company provides a comprehensive suite of payment management tools, virtual bank accounts, and prepaid card solutions tailored specifically for gig-workers and micro-businesses. By bridging the gap between traditional banking systems and the informal economy, Dayra addresses critical liquidity and credit access challenges. Its market position is defined by its ability to integrate seamlessly into existing gig platforms, effectively acting as a financial operating system for the under-served segments of the Egyptian market.
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 EV Fintech, and EFG Hermes
Key Investors in Dayra
Tanmiya Capital Ventures
A venture capital firm focused on supporting high-growth startups in emerging markets with a specific emphasis on financial technology and digital transformation.
EFG EV Fintech
A specialized investment vehicle dedicated to fostering innovation within the financial services sector by backing scalable fintech platforms.
EFG Hermes
A leading financial services corporation in the Middle East, providing investment banking, asset management, and brokerage services to institutional and individual clients.
What's next for Dayra?
With this recent infusion of capital, Dayra is well-positioned to accelerate its product roadmap and expand its operational footprint. The company is expected to focus on enhancing its credit scoring algorithms and deepening its integration with regional gig-economy platforms to drive user acquisition. As the firm matures, the strategic focus will likely shift toward achieving sustainable unit economics and exploring cross-border payment capabilities. By leveraging its current momentum, Dayra aims to solidify its status as a cornerstone of the MENA fintech ecosystem, providing the necessary financial plumbing to support the next generation of digital entrepreneurs and independent contractors.
See full Dayra company page
