COREangels, a global community of angel investors, has launched a US$10 million investment fund targeting early-stage startups across the Middle East and Africa.
Founded by Maha Mandour, and operating under the umbrella of PTS Investments Holdings COREangels MEA focuses on supporting tech startups aligned with the Sustainable Development Goals (SDGs) through a hybrid model combining a global network of investors, local expertise, and an innovation studio that provides operational development services to support these companies’ growth and expansion.
The fund has just concluded its fifth investment committee in Cairo, where it selected five fintech startups from over 1,000 applicants to receive up to US$150,000 in funding. Those startups were eMaisha Pay (Uganda), RentBeta (East Africa), Aqua Offers (Egypt), Monak (MENA), and Reeple (Nigeria).
“We don’t just inject funds – we believe in building comprehensive ecosystems. COREangels MEA brings capital, capability, and community support to the region’s most promising founders,” Mandour said.
