“Can an earned-wage-access app become Egypt's first true digital bank for the underbanked majority?”
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.
Khazna processes payments through Khazna bill pay (self-operated).
Khazna's payroll is powered by Khazna HR (in-house).
The Embedded Finance Index 2026 maps 3 layers in Khazna's stack: Payments / PSP (Khazna bill pay (self-operated)); Lending (اقبض بدري (Earned Wage Access — 30%-100% of salary, up to 10-month repayment), عروض التقسيط (Installment offers for appliances/durables, 0% APR) and Microloans); Payroll (Khazna HR (in-house)).
Khazna was founded by Omar Saleh, Ahmed Wagueeh, Fatma El Shenawy and Omar Salah and is founded in 2019, headquartered in Cairo, Egypt.
Khazna has raised $63M+ in total (latest round: Pre-Series B, 2025).
Get a read on where your own stack stands against Khazna and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.