Telda Apk, the Egyptian consumer money app founded by former SWVL executive Ahmed Sabah, has raised $20 million in seed funding. The fintech company said in a statement that it aims to "revolutionize finance in the MENAP region."
Its main market, Egypt, has one of the highest consumer spending levels in Africa. 85% of the North African market's nominal GDP comes from private consumption, and only 4% comes from non-cash sources. In a cash-centric society like the one in which we live, card usage is still in its infancy, but startups like Telda believe that their card products will change history, or at least try to.
TechCrunch reported last year that Telda had received a license from Egypt's leading bank, the Central Bank of Egypt (CBE), to issue cards and offer digital services. The permission was granted. Despite this go-to-market approval, Telda has yet to offer its Maps app and products to more than 30,000 users.
The company had to go directly to the Egyptian market after raising so much money because a large bank needed a license to operate as a digital bank after raising so much money. Telda seemed to fit the description at the time.
There was no conflict between the two parties, according to Sabah. Our company is proud to be the first in Egypt to receive a license. The support we received from regulators last year reflects Egypt's commitment to shaping the future of finance and becoming a global fintech hub,” Telda finally received license approval from the CBE a few weeks ago to launch a consumer money and payment app.
The MasterCard app and card went live last month. There are 25,000 tickets available and 110,000 customers on a waiting list. The Consumer Money app aims to change the way people in this part of the world view and manage their finances: from money transfers to saving habits to online and offline shopping."
Despite the fact that 50% of Egypt's 100 million people own smartphones, two out of three people lack access to formal financial services. Telda Apk is one of several fintech apps that raised tokenized capital to offer rewards, cards, and now pay later to consumers. There are also simple, lucky, and treasure fintechs.
Features of Telda Apk
Telda Apk is a new debit card that you can use to make purchases online and in stores at over 2 million locations worldwide. ATM withdrawals are also possible with it. You can keep track of your spending with the card linked to your Telda account.
Additionally, it offers cashback on select purchases as well as discounts at select retailers. Register with Telda and add your debit or credit card information. The card can then be used for online and in-store purchases as well as withdrawals from ATMs.
New Telda's best free bank accounts
The new Telda offers free shipping on all games ordered on their website, and you can download the Telda Apk for Android. It is possible to use the card at any time and there is no limit to the number of free mailings. For free delivery, you must meet the following requirements:
If you are prompted at checkout to add Telda to your shopping cart, do so. You will see the savings in your total savings once the discount has been applied. Make the most of this limited-time offer while it lasts.
The delivery of Tela toys is not free
The Telda lets you send games from your collection to family and friends. After selecting your game, paying the shipping fee, and printing your shipping label, you can ship it. It is possible for your friend or family member to track the shipment and receive the game when it arrives.
Sharing your love of sports with your loved ones is a great way to bring them closer.
How does it work?
You can register from your phone in minutes - no long lines, no paperwork. There are no hidden fees. We don't charge maintenance fees, low funding fees, or minimum balance requirements.
Instantly send and receive
You can instantly receive, request, and send money to friends and family with just a few clicks. Sharing a meal with a friend or renting with a roommate is the easiest way to pay with Telda.
Mastercard is accepted worldwide for FREE
You can order your free Telda Card (Matte Black Mastercard) directly from the app. Contactless payments, online payments, and in-store payments are all available.
Make better use of your expenses
Are you wondering where all your money is going? Understand your financial habits and better manage your spending by seeing all your transactions broken down into smart subcategories. Instantly receive notifications of all account activity so you always know what's going on.
Security and privacy
You can secure all your payments with a password or fingerprint. You can stop spending your Telda card with one click if you lose it. Your information is stored securely. Your money is protected by licensed banks under the laws and regulations of the Central Bank of Egypt.
Using the Telda Apk, you can order a card using just your ID and receive it instantly
With real-time money transfers, you can send money in seconds for free
- It's as easy as sending an SMS to send and receive money
- Use GIFs, emojis, and personal notes to make your payments more social
With your Telda card, you can travel the world
- With our instant payment notifications, you'll never miss a payment
- Your Telda card can be used anywhere, whether online, in-store, or at an ATM
Keep track of your expenses like a pro
- Is money like a flock of birds? There isn't a word!
- The Telda app sorts your payments based on grocery, grocery, and other categories so you can better understand your spending.
You feel safe when you are in control
- A biometric identification system provides simple yet powerful security
- Create a truly personalized experience with full control over your card's features.
Use the new Telda bank card to load the game
Telda Apk is a new way to top up your games. With the Telda app, you can use your credit or debit card to pay for shipping costs. You can also track your shipment with your Telda credit card,
You'll always know where your toys are. Download the app and create an account to get started. The next step is to add your credit or debit card information. You can start sending games from your collection as soon as you're ready.
Telda MasterCard lets you load games
We are happy to announce that the new Telda App will now offer free shipping on all games! At checkout, simply enter your shipping details and select "Telda" as your payment method. We will then ship your order for free using our standard shipping method. The offer is only available for a limited time, so take advantage while you can.
Telda allows you to buy games?
You can send games from your collection to friends and family with Telda Apk. Select the game you want to ship, pay the shipping cost, and print the shipping label. When the game arrives, your friend or family member can track the shipment and receive it. It is a great way to share your love of sports with your family and friends.