Cassbana raises$1 million in a round lead by Distruptech
Summary
Haytham Nassar, Casbana Founder & CEO.The company launched its app on a trial basis last June, with only one service provider in Cairo. preliminary numbers reveal that the volume of the customers business dealing with our service providers may triple because they have access to financial services that helped them develop their projects based on Casbana solutions added Nassar.Its our pleasure to lead this investment round in Casbana life Cycle Mohamed Okasha, head of the Distruptech Capital Technology Investment Fund.The Egyptian market is considered one of the biggest markets that invest in Fintech companies. We felt that Kasana was keen to grow its business and expand its operations in The local market as well as its strategic vision regionally and globally. This helped us to attract investments in the companys first round added Okasha.For more than 10 years, Haytham held several positions in the communication and Internet Technology sector, then he switched to startups. He joined Careem in 2016 where he held many positions including Head of the Planning sector and the General director of Operations.