About Agel
Agel is a company based in Maadi (Egypt) founded in 2021 by Ahmed El Sherbiny and Abdelrahman Saeed.. Agel operates in a competitive market with competitors including Halan, MNT Halan, Kashat, CreditEnable and EFG Corp-Solutions, among others.
- Headquarter Maadi, Egypt
- Founders Ahmed El Sherbiny, Abdelrahman Saeed
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Banque Misr
& 4 more
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Employee Count
Employee Count
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Funding Insights of Agel
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Agel | Valuation | Plus VC , Flat6Labs |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Agel
Agel has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Banque Misr, Plus VC and Flat6Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital is provided to MENA startups by Plus VC.
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Founded Year | Domain | Location | |
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Startups are accelerated and funded via venture capital investments.
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Founded Year | Domain | Location | |
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Venture building and investment services are offered by SEEDRA.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Agel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Agel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Agel Comparisons
Competitors of Agel
Agel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Halan, MNT Halan, Kashat, CreditEnable and EFG Corp-Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based platform for ride-hailing and on-demand delivery services
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| domain | founded_year | HQ Location |
Consumer payments and loans are enabled via an online platform.
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| domain | founded_year | HQ Location |
Business loans are provided through an Android app platform.
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| domain | founded_year | HQ Location |
Business loans are connected via an online marketplace for SMEs.
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| domain | founded_year | HQ Location |
Operates an online platform providing business loan solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Agel
Frequently Asked Questions about Agel
When was Agel founded?
Agel was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Agel located?
Agel is headquartered in Maadi, Egypt. It is registered at Maadi, Cairo, Egypt.
Who is the current CEO of Agel?
Abdelrahman Saeed is the current CEO of Agel. They have also founded this company.
What does Agel do?
Agel was founded in 2021 in Maadi, Egypt, as an online lending platform focused on merchant financing within the fintech sector. Buy now pay later solutions are provided to small and medium businesses for purchasing goods and services. Loans are extended to Islamic companies, with operations supported by an Android app for user access. The platform facilitates financing tailored to merchant needs in the region.
Who are Agel's investors?
Agel has 5 investors. Key investors include Banque Misr, Plus VC, Flat6Labs, SEEDRA Ventures, and Seedstars International Ventures.
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