Egyptian venture capital fund Nclude has secured more than $112 million in its final funding close, strengthening its capacity to invest in fintech and technology startups across Africa and the Middle East. The development provides additional capital for businesses building financial solutions and expanding access to digital services.

Established in Egypt in 2022, Nclude underwent a restructuring in 2025 that brought Development Partners International's venture capital platform, DPI Venture Capital, on board as its investment adviser. The partnership has helped expand the fund's investor base and strengthen its regional investment strategy.

Nclude focuses on financial technology companies, financial inclusion solutions and startups combining artificial intelligence with emerging technologies. Its investments range from $500,000 to $10 million, covering businesses from seed stage through Series C.

Although Egypt remains its primary investment market, Nclude can allocate up to 30% of its capital mandate to opportunities outside the country. This allows the fund to support Egyptian startups seeking regional expansion while investing in promising businesses across other African and Middle Eastern markets.

The fund has already invested in 15 companies operating in areas such as affordable insurance, healthcare accessibility, SME financing and digital savings and investment services.

According to DPI Venture Capital Managing Partner Ashley Lewis, the strategy focuses on supporting entrepreneurs capable of building successful local businesses into competitive regional companies.

The additional capital comes at a time when African startups are seeking stronger institutional backing to develop products and expand beyond their domestic markets. Access to funding remains particularly important for fintech businesses targeting underserved consumers and small businesses.

At TheGreyIT, we believe investment in fintech and artificial intelligence can accelerate Africa's digital transformation. However, the real value of venture capital lies in supporting businesses that solve practical problems, improve financial access and create sustainable opportunities beyond major technology markets.

With more than $112 million available for investment, Nclude is strengthening its position in the region's technology ecosystem. The bigger question is whether this capital will help produce the next generation of African fintech companies capable of competing across international markets.