Khazna
“Can an earned-wage-access app become Egypt's first true digital bank for the underbanked majority?”
Founded2019
HQCairo, Egypt
FoundersOmar Saleh, Ahmed Wagueeh, Fatma El Shenawy, Omar Salah
Total raised$63M+
Latest roundPre-Series B, 2025
IndustryFintech / Consumer banking
The story
Founded 2019 to bring basic financial services to Egypt's largely unbanked low- and middle-income workforce, Khazna launched with an earned wage access product (Khazna HR) in 2020 and has steadily layered on bill pay, installment lending (BNPL), and a payment card to become a self-described 'financial super app.' The 2025 pre-Series B round signals a strategic shift toward becoming a licensed digital bank in Egypt and expanding regionally into Saudi Arabia.
Product timeline
2019
Khazna founded in Cairo to serve underbanked low- and middle-income workers· pivot
2020
Launched earned wage access product (Khazna HR) as entry-point offering· lending
2022
Raised $38M Series A led by Quona Capital and Lendable· lending
2025
Raised $16M pre-Series B; plans to apply for Egyptian digital banking license and expand into Saudi Arabia· banking
The stack
Payments / PSP
Lending
اقبض بدري (Earned Wage Access — 30%-100% of salary, up to 10-month repayment)عروض التقسيط (Installment offers for appliances/durables, 0% APR)Microloans
Payroll
Accounting gap: none