# Khazna

> Source: https://docs.barcoder.ai/docs/wallets/khazna
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Khazna — official](https://khazna.app/)

## Overview

**Khazna** is **Egypt's salaried-worker financial super-app**, founded **2019** <sup>[1][1], [2][2], [Egypt report](https://docs.barcoder.ai/docs/payments/EG)</sup>. **500,000+ users** + **100,000+ employees receiving salaries directly through Khazna platform**.

**February 2025 — Khazna $16M pre-Series B** <sup>[3][3]</sup>:
- **Total funding to date**: $63M+
- **Round purpose**: **Egypt digital banking license pursuit + Saudi Arabia expansion**
- **Mid-2026 target**: Egypt digital banking license from CBE (Central Bank of Egypt's digital-bank regulatory framework laid out July 2024)

**Khazna product range** <sup>[1][1]</sup>:
- **Core product**: Credit offering to **payroll + pension recipients** + unsecured loans to **gig workers**.
- **Additional**: Bill payments + buy now, pay later + medical insurance + rent-to-own product.

**Distinctive positioning**: **Low + middle-income workers** target — Egypt's underbanked salaried/pension/gig population.

## History

**2019 — Khazna founded** <sup>[1][1]</sup> by **Omar Saleh (CEO) + Ahmed Wagueeh (CTO) + Fatma El Shenawy + Omar Salah** — Egyptian fintech entrepreneurs.

**2019-2024 — Egyptian salaried-worker adoption** <sup>[1][1]</sup>: 500K+ users + 100K+ employees with direct salary deposit.

**February 4, 2025 — Khazna $16M pre-Series B funding** <sup>[3][3]</sup>: Cumulative $63M+; Saudi expansion + Egypt digital banking license pursuit.

**Mid-2026 target**: Egypt CBE digital banking license.

## Ownership & operator

**Operating entity**: **Khazna** (Egyptian fintech).

**Co-founders**: **Omar Saleh (CEO) + Ahmed Wagueeh (CTO) + Fatma El Shenawy + Omar Salah**.

**Major investors**: **Speedinvest + Quona Capital + Khwarizmi Ventures + Wamda Capital + Algebra Ventures + Tribe Capital + Disruptech Ventures** + others.

**Regulators**: **CBE (Central Bank of Egypt)** + **Egyptian Financial Regulatory Authority** + **pursuing CBE digital banking license**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Khazna mobile app (iOS + Android) |
| **Identifiers** | Phone + email |
| **EG rail** | **[Meeza QR](https://docs.barcoder.ai/docs/standards/meeza-qr)** (Egypt national debit + POS-mandatory) |
| **Sub-products** | Salary advances + microloans + payroll-deposit integration + bill payments + BNPL + medical insurance + rent-to-own |
| **License** | Fintech + lending (CBE) + pursuing digital banking license (mid-2026 target) |
| **Target market** | Low + middle-income Egyptian salaried/pension/gig workers |

## Users & growth

**2025 baseline** <sup>[1][1], [3][3]</sup>:
- **Users**: 500,000+
- **Employees with direct salary deposit through Khazna**: 100,000+
- **Cumulative funding**: $63M+
- **Feb 2025 pre-Series B round**: $16M
- **Strategic targets**: Mid-2026 CBE digital banking license + Saudi Arabia expansion

## Use cases

Egyptian salaried/pension/gig-worker financial services (credit + payroll-deposit + advances + microloans + bill payments + BNPL + medical insurance + rent-to-own); Saudi Arabia expansion (post-Feb 2025 $16M); preparing for CBE digital banking license (mid-2026 target).

## Implementations & partners

**Operator**: **Khazna** (Omar Saleh CEO + Ahmed Wagueeh CTO + Fatma El Shenawy + Omar Salah co-founders).

**Major investors**: **Speedinvest + Quona Capital + Khwarizmi Ventures + Wamda Capital + Algebra Ventures + Tribe Capital + Disruptech Ventures** + others.

**Major Egyptian fintech competitors**:
- **[MNT-Halan](https://docs.barcoder.ai/docs/wallets/mnt-halan)** (Egypt's first fintech unicorn; 8M+ customers; $11B+ cumulative loans)
- **[Fawry](https://docs.barcoder.ai/docs/wallets/fawry)** (Egypt's #1 payment platform; 54.8M monthly users; EGX-listed)
- **[Vodafone Cash (Egypt)](https://docs.barcoder.ai/docs/wallets/vodafone-cash)** (Egypt's #1 mobile-money wallet by transactions + value)
- **InstaPay** (CBE-led national instant payment)

**Regulators**: **CBE + Egyptian Financial Regulatory Authority + pursuing CBE digital banking license**.

## Fun facts

- **Egypt's salaried-worker financial super-app** for low + middle-income Egyptian workers.
- **2019 founding** by Omar Saleh + Ahmed Wagueeh + Fatma El Shenawy + Omar Salah.
- **500K+ users + 100K+ employees with direct salary deposit through Khazna**.
- **February 2025 $16M pre-Series B + $63M+ cumulative funding**.
- **Mid-2026 target**: CBE digital banking license (Egypt CBE digital-bank regulatory framework laid out July 2024).
- **2025 Saudi Arabia expansion** post-pre-Series B.
- **Backed by Speedinvest + Quona Capital + Khwarizmi Ventures + Wamda Capital + Algebra Ventures + Tribe Capital + Disruptech Ventures**.
- **Product range**: salary advances + microloans + BNPL + medical insurance + rent-to-own.

## Comparison

| Feature | Khazna | [MNT-Halan](https://docs.barcoder.ai/docs/wallets/mnt-halan) (EG first fintech unicorn rival) | [Fawry](https://docs.barcoder.ai/docs/wallets/fawry) (EG #1 payment platform) | [Vodafone Cash (Egypt)](https://docs.barcoder.ai/docs/wallets/vodafone-cash) (EG #1 mobile-money) | [Hala](https://docs.barcoder.ai/docs/wallets/hala) (Saudi SME comprehensive analogous) |
|---|---|---|---|---|---|
| Operator | **Khazna (Omar Saleh CEO + Ahmed Wagueeh CTO + co-founders; Speedinvest + Quona + Khwarizmi + Wamda + Algebra + Tribe + Disruptech backed)** | MNT-Halan (Mounir Nakhla; Chimera + Apis + DPI + IFC backed) | Fawry (EGX: FWRY; Ashraf Sabry) | Vodafone Egypt (Vodafone Group + Telecom Egypt JV) | Hala (TPG + Sanabil $157M Sep 2025) |
| Type | **EG salaried-worker financial services (advances + loans + payroll + BNPL + insurance + rent-to-own)** | EG fintech unicorn — lending + digital payments + unbanked-banking + first-mover REIT | EG #1 payment platform + agent network + multi-segment financial services | EG #1 mobile-money wallet by transactions + value | Saudi SME comprehensive infrastructure |
| Country | EG + SA expansion | Egypt | Egypt | Egypt | Saudi + UAE |
| Users | **500K+ + 100K+ employees direct salary** | 8M+ + 2M active quarterly + $11B+ cumulative loans | 54.8M monthly + 377K agents + 6M+ daily tx | 11.4M active | 140K+ SMEs + $8B annual |
| Funding | **$63M+ cumulative + Feb 2025 $16M pre-Series B** | EGP 15B 2025 securitised bonds ($315M); $157.5M post-unicorn raise | Public EGX | Vodafone Egypt parent-anchored | Sep 2025 $157M Series B |
| 2026 distinctive | **Mid-2026 CBE digital banking license target + Saudi Arabia expansion** | $4.5-5B 2026 financing portfolio target + decacorn 5-7 years | FY2025 record EBITDA 4.97B (+80.8%, 57.4% margin) | FY2025 €113.7M revenue (+18.8%); Mar 2026 TapTap Send | Saudi Stripe-for-MENA-SMEs |

## Status

**Active, Egypt's salaried-worker financial super-app** <sup>[1][1], [3][3]</sup>:
- **Khazna (Omar Saleh CEO + Ahmed Wagueeh CTO + co-founders)** since 2019.
- **500K+ users + 100K+ employees with direct salary deposit through Khazna**.
- **February 2025 $16M pre-Series B + $63M+ cumulative funding**.
- **Mid-2026 CBE digital banking license target + Saudi Arabia expansion**.
- **CBE + Egyptian Financial Regulatory Authority + pursuing CBE digital banking license**.

## Sources

[1]: https://techcrunch.com/2025/02/04/egypts-khazna-banks-16m-for-its-financial-super-app-and-expansion-into-saudi/ "Khazna $16M financial super-app SA expansion Feb 2025 — TechCrunch"
[2]: https://www.speedinvest.com/knowledge/building-a-modern-financial-system-for-one-of-the-worlds-fastest-growing-economies-our-investment-in-khazna "Speedinvest Khazna investment thesis"
[3]: https://fintechmagazine.africa/2025/02/04/egyptian-fintech-khazna-raises-16m-to-expand-into-saudi-arabia-and-pursue-digital-banking-license/ "Khazna $16M SA + digital banking license — Fintech Magazine Africa"
[4]: https://fintechnews.ae/25543/fintechegypt/egypts-most-well-funded-fintechs-of-2025/ "Egypt's most well-funded fintechs 2025"
[eg-cro]: https://docs.barcoder.ai/docs/payments/EG

- [1] [Khazna $16M financial super-app SA expansion — TechCrunch][1]
- [2] [Speedinvest Khazna investment thesis][2]
- [3] [Khazna $16M SA + digital banking license — Fintech Magazine Africa][3]
- [4] [Egypt's most well-funded fintechs 2025][4]
- <sup>[Egypt report](https://docs.barcoder.ai/docs/payments/EG)</sup> In-corpus: `reports/countries/EG-egypt.md`

## Source

Biography extracted from [khazna.md](https://docs.barcoder.ai/source/wallets/khazna). See `matrix.md` for standards-support matrix if present.