Dayra, an Egyptian fintech wins $15,000 grant from Y Combinator's Startup School
Summary
The program is free and available to anyone but at the end of it, Y Combinator selects some startups that completed the online course to reward them with a grant. It claims that it is the fastest and cheapest solution (10x cheaper than the alternatives) to transferring money to a bank account in Egypt. “For people who work in an environment where they split bills with their colleagues on a daily basis and have monthly obligations to pay, Dayra is the fastest and easiest way ever to send money in Egypt. Unlike banks in Egypt, Dayra is meticulously crafted so that you can send money to anybody with a phone number in 20 seconds or less,” the startup notes on its website. That remains our biggest motivation.” Speaking about their plans for the next few months, Hesham said that they will continue to focus on improving the user experience.