List of Web3/ Blockchain and Crypto Companies Egypt

Investment Environment

Egypt’s government and private sector have demonstrated growing interest in financial technology (FinTech), which naturally extends into blockchain and cryptocurrency applications. Regulatory progress is being made, with the Central Bank of Egypt (CBE) cautiously exploring frameworks for crypto regulation, paving the way for innovation while addressing potential risks. Additionally, the startup ecosystem has been buoyed by foreign direct investment, support from international organizations, and local incubators promoting blockchain solutions.

Trends in the Blockchain Industry

  1. Remittances & Payments: Egypt, being one of the world’s largest recipients of remittances, leverages blockchain for faster, cheaper, and secure cross-border transactions. Projects like RippleNet and other blockchain-backed remittance solutions are gaining traction.
  2. Decentralized Finance (DeFi): With an underbanked population, DeFi platforms are drawing interest as an alternative to traditional banking. They offer access to loans, savings, and other financial services.
  3. NFTs & Creative Economy: Egyptian artists and creators are embracing NFTs as a way to showcase their work on global platforms. This trend is gaining visibility among the youth, particularly in Cairo and Alexandria.
  4. Smart Contracts & Supply Chain: Egyptian companies are exploring blockchain for improving transparency and efficiency in industries like agriculture, logistics, and manufacturing.

Here are some notable Web3, blockchain, and crypto companies operating in Egypt:

1. Pravica

Pravica is a Web3 and blockchain-based messaging platform that emphasizes user privacy and data ownership. It offers secure communication tools leveraging blockchain technology.

  • Inception Date: Founded in 2019.
  • Founder: Mohamed Abdou.
  • Team Members: Not publicly disclosed.
  • Products/Services: Pravica Club, a decentralized communication platform.
  • Location: Offices in Egypt and the UAE.
  • Contact: Information not publicly available.
  • Email: Information not publicly available.

2. Qurious Labs

Qurious Labs is a Web3-focused venture studio aimed at supporting entrepreneurs in the MENA region who are building Web3 companies utilizing blockchain, digital currencies, NFTs, and gaming to explore the Metaverse.

  • Inception Date: Launched in 2022.
  • Founder: Ashraf Rofail.
  • Team Members: Ahmed El Wassimy (Studio Director), Kareem Karam (Venture Architect).
  • Products/Services: Venture building and support for Web3 projects.
  • Location: Cairo, Egypt.
  • Contact: Information not publicly available.
  • Email: Information not publicly available.

3. Remooz

Remooz is an Egyptian blockchain company that has launched a smart NFT marketplace called Minimum Viable Product (MVP). The platform offers a free, user-friendly, and socially engaging environment for trading digital assets.

  • Inception Date: Launched MVP in July 2022.
  • Founder: Marwan Salem.
  • Team Members: Not publicly disclosed.
  • Products/Services: NFT marketplace for trading digital assets.
  • Location: Cairo, Egypt.
  • Contact: Information not publicly available.
  • Email: Information not publicly available.

4. ConnectDApp Blockchain Tech Solutions

ConnectDApp is a Cairo-based company specializing in blockchain technology and IT strategy consulting.

  • Inception Date: Not publicly disclosed.
  • Founders: Not publicly disclosed.
  • Team Members: 2–9 employees.
  • Products/Services: Blockchain development and IT strategy consulting.
  • Location: Cairo, Egypt.
  • Contact: Information not publicly available.
  • Email: Information not publicly available.

5. Kemet Dynamics

Kemet Dynamics is a mobile application development firm focusing on mobile app development and artificial intelligence.

  • Inception Date: Not publicly disclosed.
  • Founders: Not publicly disclosed.
  • Team Members: 2–9 employees.
  • Products/Services: Mobile app development and AI solutions.
  • Location: Cairo, Egypt.
  • Contact: Information not publicly available.
  • Email: Information not publicly available.

6. Webspace Middle East

Webspace Middle East is a web design agency offering services in web design and graphic design.

  • Inception Date: Founded in 2018.
  • Founders: Not publicly disclosed.
  • Team Members: 2–9 employees.
  • Products/Services: Web design and graphic design services.
  • Location: Giza, Egypt.
  • Contact: Information not publicly available.
  • Email: Information not publicly available.

7. Accely Inc.

Accely Inc. is a global technology consultancy and accounting firm offering services in ERP consulting and integration, including blockchain solutions.

  • Inception Date: Founded in 2001.
  • Founders: Not publicly disclosed.
  • Team Members: 250–999 employees.
  • Products/Services: ERP consulting, IT managed services, and blockchain solutions.
  • Location: Nasr City, Egypt.
  • Contact: Information not publicly available.
  • Email: Information not publicly available.

Challenges & Opportunities

While regulatory uncertainty and limited blockchain awareness pose challenges, Egypt’s vast youth population, rising mobile penetration, and growing entrepreneurial spirit present enormous opportunities for growth in Web3 adoption. The government’s focus on digital transformation under the “Egypt Vision 2030” strategy further strengthens this trajectory.