Investia Venture Capital, an Egypt-based diversified investment group, and MenaMoney, a Bahrain-based provider of white-label savings and investment solutions for the financial industry, signed a Memorandum of Understanding in Cairo last week.

The MoU is about exploring and pursuing potential collaboration and investment opportunities in the promising Egyptian market. The MoU was signed by Eng. Samir El Alaily, Executive Chairman of Investia and Ebrahim K Ebrahim, CEO of MenaMoney.

The partnership is excepted to translate into setting up a new regulated investment business in early 2025.