Zaki Hashem, Attorneys At Law Advised On Successful Series A Funding For Connect Money

Zaki Hashem, Attorneys at Law Advised on Successful Series A Funding for Connect Money

Zaki Hashem, Attorneys at Law, successfully represented Algebra Ventures and Banque Misr in their participation in an $8 million Series A funding round for Connect Money, which occurred last month. Algebra Ventures contributed $1.5 million, while Banque Misr, through its investment arm Misr Capital, invested $1 million.

The team at Zaki Hashem was led by senior associate Tarek El Erian, who oversaw a comprehensive advisory role in both transactions. The firm was responsible for advising on, drafting, negotiating, and reviewing the core transaction documents. Additionally, Zaki. Hashem’s lawyers played a pivotal role in advising on various aspects of the investments, including the Software Agreements and Fintech Agreements between Banque Misr and Connect Money concerning co-issued prepaid cards.

This successful funding round highlights the growing interest and investment in fintech solutions within the region.