Axis

About

Axis is a recently founded fintech company, whose open-loop wallet is bringing critical access to financial products to Egypt’s underserved population. Through the Axis mobile wallet and virtual Visa card, users can send, spend, get paid, and save – all from their mobile phones. In parallel, Axis for Business is enabling cash-based SMEs to digitize payroll. SME employees can receive their salaries on an Axis mobile wallet and benefit from earned salary advances, get reimbursed for out-of-pocket expenses, and earn points & cashback when they spend using the Axis wallet. This is only the second time a license for an open-loop wallet has been granted in Egypt. Sawari invested in Axis early, when it was just a proof of concept, because we have a tremendous belief in the founding team and the positive impact the product will have in creating access to finance and financial inclusion.