---
title: "Nclude"
description: "Nclude is a specialist investment fund focused on fintech innovation and financial inclusion, headquartered in Egypt. It was established in 2022 with backing from Egypt’s largest national banks and other financial services institutions, and is structured as a venture capital vehicle targeting technology driven financial services. The fund is commonly described as Egypt based and Cairo focused, and operates as a dedicated fintech fund for the Middle East and Africa. Nclude is actively investing in Africa, with a particular focus on Egypt. It targets early and growth stage companies, most notably at the Seed and Series A stages, and also participates in Pre Series A and other venture rounds. Based on available transaction data, Nclude has committed capital to Egyptian startups such as FlapKap, Nawy, Khazna, and Partment. Its portfolio activity demonstrates a clear sector focus on fintech, including revenue based financing and earned wage access, complemented by selective exposure to real estate and property technology. Public information highlights Nclude’s role as a fintech innovation platform backed by major Egyptian banks and financial institutions, and notes that the fund is designed to accelerate digital financial services and expand financial inclusion in Egypt and the wider region. Its strategy centers on building a modern financial technology stack, supporting founders who are digitizing payments, credit, savings, and access to property and financial services for underserved consumers and businesses."
canonical_url: "https://liners.com/investors/nclude"
markdown_url: "https://liners.com/investors/nclude.md"
type: "investor"
language: "en"
updated_at: "2026-09-19T03:01:56.670Z"
---

# Nclude

Nclude is a specialist investment fund focused on fintech innovation and financial inclusion, headquartered in Egypt. It was established in 2022 with backing from Egypt’s largest national banks and other financial services institutions, and is structured as a venture capital vehicle targeting technology driven financial services. The fund is commonly described as Egypt based and Cairo focused, and operates as a dedicated fintech fund for the Middle East and Africa. Nclude is actively investing in Africa, with a particular focus on Egypt. It targets early and growth stage companies, most notably at the Seed and Series A stages, and also participates in Pre Series A and other venture rounds. Based on available transaction data, Nclude has committed capital to Egyptian startups such as FlapKap, Nawy, Khazna, and Partment. Its portfolio activity demonstrates a clear sector focus on fintech, including revenue based financing and earned wage access, complemented by selective exposure to real estate and property technology. Public information highlights Nclude’s role as a fintech innovation platform backed by major Egyptian banks and financial institutions, and notes that the fund is designed to accelerate digital financial services and expand financial inclusion in Egypt and the wider region. Its strategy centers on building a modern financial technology stack, supporting founders who are digitizing payments, credit, savings, and access to property and financial services for underserved consumers and businesses.

## Breadcrumbs

- [Investors](/investors)
- [Nclude](/investors/nclude)

## Summary

Nclude is a specialist investment fund focused on fintech innovation and financial inclusion, headquartered in Egypt. It was established in 2022 with backing from Egypt’s largest national banks and other financial services institutions, and is structured as a venture capital vehicle targeting technology driven financial services. The fund is commonly described as Egypt based and Cairo focused, and operates as a dedicated fintech fund for the Middle East and Africa. Nclude is actively investing in Africa, with a particular focus on Egypt. It targets early and growth stage companies, most notably at the Seed and Series A stages, and also participates in Pre Series A and other venture rounds. Based on available transaction data, Nclude has committed capital to Egyptian startups such as FlapKap, Nawy, Khazna, and Partment. Its portfolio activity demonstrates a clear sector focus on fintech, including revenue based financing and earned wage access, complemented by selective exposure to real estate and property technology. Public information highlights Nclude’s role as a fintech innovation platform backed by major Egyptian banks and financial institutions, and notes that the fund is designed to accelerate digital financial services and expand financial inclusion in Egypt and the wider region. Its strategy centers on building a modern financial technology stack, supporting founders who are digitizing payments, credit, savings, and access to property and financial services for underserved consumers and businesses.

This anonymous Markdown view includes only rows that are readable before the HTML sign-in gate. Use the canonical HTML page to sign in and view more.

## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| FlapKap | /flapkap | Series A | 17000000 | 2026-08-01T00:00:00.000Z |
| Nawy | /nawy | Series A | 52000000 | 2025-05-01T00:00:00.000Z |
| Khazna | /khazna | Venture (Round not Specified) | 16000000 | 2025-02-01T00:00:00.000Z |
| FlapKap | /flapkap | Pre-Series A | 34000000 | 2024-09-01T00:00:00.000Z |
| FlapKap | /flapkap | Seed | 3600000 | 2022-10-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

## Access and citation

- [Canonical HTML page](https://liners.com/investors/nclude)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)