| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | Egypt |
| Sector | Fintech |
| Collapse type | Silent Shutdown |
| Founder | Ahmed Sabry |
Paynas
"Egypt's wage-access startup ran out of cash as corporate clients froze all new spending."
Quiet closure with no public announcement
Key Events Timeline
Paynas, an Egyptian earned wage access and payroll fintech founded by Ahmed Sabry, raised $3M seed funding in 2021 but collapsed by late 2023.
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