COREangels MEA has officially launched a USD 10 million investment fund aimed at fueling early-stage startups across the Middle East and Africa, with a strategic focus on technology ventures that align with the United Nations Sustainable Development Goals.

The fund, backed by PTS Investments Holdings and co-managed by Kemtix Ventures, marks a significant commitment to fostering innovation in one of the world’s most dynamic and underserved startup regions.

The announcement was made during the network’s 5th Investment Committee gathering in Cairo, held at the Arab Academy for Science, Technology, and Maritime Transport (AAST).

The event convened a diverse mix of global angel investors, regional stakeholders, and promising local founders, underscoring the collaborative nature of COREangels MEA’s ecosystem-building approach.

Formed through a partnership between COREangels International and PTS Investments Holdings, COREangels MEA is more than just a capital source.

“We don’t just inject funds, we believe in building comprehensive ecosystems. COREangels MEA brings capital, capability, and community support to the region’s most promising founders,” said Maha Mandour, Chairperson of PTS Holdings and Founding Partner of COREangels MEA.

Selected startups can access up to USD 150,000 in funding, along with operational and advisory support from Kemtix’s innovation studio, designed to help founders build scalable businesses with lasting impact.

This year, the fund has zeroed in on fintech, themed around “Fintech as the foundation for inclusive growth,” reflecting its belief that technology-driven financial solutions are key to closing access gaps across the MEA region.

The fintech market in MEA is on an upward trajectory, expected to surpass USD 100 billion by 2028.

In line with this momentum, COREangels MEA has chosen five standout startups from over 1,000 applications for its latest investment cohort.

These include Uganda’s eMaisha Pay, which offers digital financial tools for farmers including savings, insurance, and microloans.

RentBeta from East Africa, enabling flexible rent payments and automated collections for landlords.

Aqua Offers in Egypt, an AI-powered loyalty and savings platform.

Monak, a MENA-based venture bundling finance, health, and insurance services for migrant workers.

And Nigeria’s Reeple, which simplifies global payments for African freelancers.

All five startups were selected following a rigorous evaluation process by Kemtix Ventures, with scalability, social impact, and market readiness serving as key criteria.

The fund is not just an injection of capital, it’s part of a larger regional strategy to connect high-potential founders with the capital, technical infrastructure, and cross-border networks they need to thrive.

This move signals a broader shift in the MEA investment landscape, one where early-stage innovation meets regional collaboration to tackle some of the region’s most pressing challenges.