What is Sahl?
Founded in 2020, Sahl is revolutionizing the utility payment landscape with its mobile application. Leveraging NFC technology, Sahl enables users to recharge their electricity cards in under a minute directly from their smartphones. This streamlined approach addresses a common consumer pain point, positioning Sahl as a key player in making essential services more accessible and efficient through digital innovation.
How much funding has Sahl raised?
Sahl has raised a total of $6M across 1 funding round:
Other Financing Round
$6M
Other Financing Round (2024): $6M with participation from Ayady and Egypt Pay
Key Investors in Sahl
Ayady
Ayady for Investment and Development is a private investment entity established in 2015, focused on promoting development and encouraging investments in Egypt, particularly by providing access to capital for small and medium enterprises (SMEs).
Egypt Pay
Egypt Pay is a technology company founded in 2019 in Egypt, developing fintech services in emerging markets with a focus on advancing payment technology and empowering users through innovative financial solutions.
What's next for Sahl?
The recent major strategic investment signals a new phase of growth and expansion for Sahl. This capital infusion is expected to fuel further development of its NFC-based payment solutions, potentially broadening its service offerings and market reach. The company is poised to solidify its position as a leader in facilitating seamless, mobile-first utility payments, driving digital transformation in the sector.
See full Sahl company page
