.Egypt's Fintech SETTLE Anchors USD 2 M in Pre-Seed Financing.SETTLE, an Egypt-based fintech, has increased USD 2 M in a pre-seed funding sphere led by Shorooq Partners. El Sewedy Capital Holding, Acasia Ventures, and also Additionally VC took part. Founded in 2023 through Kamil Sayour and Mostafa Mobarak, SETTLE offers an online B2B repayment system targeted at modernizing services' financial procedures.The company plans to utilize the funds to expand right into global markets and also additional establish its own system. Currently in its pre-launch phase, work out cases to have processed over USD 1 M in transactions during the course of its own screening phase, operating around building and construction, electricity, and also contracting industries. The platform intends to enhance settlement methods while offering companies real-time cash flow insights.