Cairo-based fintech startup Octane has raised $5.2 million in a funding round led by Shorooq Partners, Algebra Ventures, and SC Holding, the company announced on Tuesday. The funding will be used to expand the startup’s regional footprint, grow its acceptance network, and enhance AI capabilities including fraud detection and route optimization.
Founded in September 2022 by Amr Gamal and Ziad Eladawy, Octane provides a digital platform that consolidates all fleet-related expenses into a single closed-loop wallet. Unlike traditional fuel cards, the platform handles fuel, maintenance, spare parts, and petty cash through one unified system, giving…
