COREangels MEA Unveils $10M Fund to Propel Sustainable Tech Startups in MEA

Editorial Team

Last updated 28-05-2025

2 min

COREangels MEA has launched a $10 million fund for tech startups in the Middle East and Africa.

The focus is on companies aligning with sustainable development goals, offering $150,000 investments each.

Startups gain access to consulting and technical support, helping them expand into new markets sustainably.

PTS Holdings, known for ecosystem building, steers this initiative with strategic advice and investor backing.

The fund will target fintech innovations such as embedded finance and digital payments.

COREangels MEA, a prominent venture capital investor in the Middle East and Africa, has launched a new funding scheme worth a cool $10 million, aimed specifically at supporting promising tech startups in the region.

This latest venture will focus particularly on companies whose products and services align with sustainable development goals. COREangels MEA is taking a hybrid approach here—combining a global investor network with local market expertise and an innovative studio that offers hands-on operational support to nurture startups as they scale up.

Maha Mandour, who heads up PTS Holdings and is also co-founder of COREangels MEA, explained that each selected startup could receive investment capital of up to $150,000. But this isn't just about injecting cash—those lucky few also gain access to a whole suite of consulting and technical support services designed specifically to help them break into new markets and grow sustainably.

The new fund sits under the umbrella of PTS Holdings, an established investment group specialising in creating robust ecosystems for emerging businesses. Known for thinking ahead, PTS deliberately steers its investments toward startups building long-term sustainability strategies. Their arm, Kemtix Ventures, is backing this initiative, bringing both strategic advice and a solid investor network to the table.

From more than a thousand applicants—impressive by any measure—only five standout startups were chosen after thorough evaluation. One such company is Egypt’s Aqua Offers, an outfit specialising in loyalty programmes.

There's serious excitement around financial technology in the Middle East and Africa, with the sector projected to surpass $100 billion by 2028. Not bad going, right? COREangels MEA plans to direct its "smart money" into startups innovating around embedded finance solutions, digital payments, inclusive lending and infrastructure to boost overall financial accessibility.

Speaking as someone who regularly browses tech stories on Arageek over a cuppa, it's clear just how transformative targeted investments like these can be—reminding us all that beyond sheer profits, entrepreneurship can be a mighty tool for genuine, lasting change.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!