# Ali Shaaban

> Ali Shaaban is a seed investor at Icon Creations (Cairo) backing FinTech and Financial Services. See 11 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Icon Creations](https://shizune.co/investors/profile/icon-creations)
- Location: Cairo, Egypt
- Total investments: 11
- Last investment: Sep 2022
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/alishaaban/

Ali Shaaban is a seed investor at Icon Creations in Cairo focused on FinTech and Financial Services. Ali Shaaban has been a pioneer in the digital advertising and communications industry for more than 18 years, founding the award-winning full-fledged creative digital agency Icon Creations back in 2003 when the industry was at its infancy stage. Since then, Ali Shaaban has built strong long-term relationships and a strategic network with most ofthe leading automotive brands in Egypt and the Middle East, where he established a solid track record of delivering top-notch digital products & services that stood the test of time. Driven by passion for excellence and an always-on personalized approach to satisfying his partners, Ali Shaaban is the quintessential digital partner to have on your side in the automotive industry today.His automotive portfolio includes Alfa Romeo, Bentley, BMW, Castrol, Citroën, Ferrari, Fiat, Ford, Hyundai, JAC, Jaguar, Jeep, KIA, Land Rover, Maserati, Mazda, MINI, Mitsubishi, Nissan, Peugeot, Pirelli, Renault, Seat, Subaru, Toyota, Volkswagen and more. Aside from being a digital pioneer, Ali Shaaban is also an angel investor and serial supporter of emerging innovative startups and fresh business ideas, venturing into several sectors to contribute in making a sustainable impact on the local and regional economies. His latest investments have tapped into the Fintech sector with rising companies such as Paynas (https://Paynas.com), Oxygen (https://oxygen.us/), Dfin Holding (https://www.dfinholding.com/) , and Kiwe wallet (https://kiweapp.com/) as well as the Media and AI sector with Speakol (https://speakol.com/) , NU Digital Awards (https://nudigitalawards.com/) and Nanotronics (https://nanotronics.co/ ).Ali Shaaban believes in always taking the next step forward in his extensive career, and using his core values and commanding personality as motivation, he has paved an impressive path over the years that will certainly lead towards an even more diverse and fruitful future.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 5 | 45% |
| Financial Services | 5 | 45% |
| Banking | 1 | 9% |
| Internet | 1 | 9% |
| Robotics | 1 | 9% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 27% |
| Series A | 3 | 27% |
| Pre-Seed | 1 | 9% |
| Series B | 1 | 9% |
| Venture - Series Unknown | 1 | 9% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Egypt | 2 | 18% |
| Kenya | 2 | 18% |
| United States | 2 | 18% |
| France | 1 | 9% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| MarketForce | MarketForce is a US, Kenya and Nigeria-based technology company that is building the SuperApp for Africa's 100 million merchants. MarketForce provides an all-inclusive B2B Commerce and Fintech platform (dubbed “RejaReja” – Swahili for ‘retail’) that empowers merchants in Africa to source, order and pay for inventory digitally and conveniently,access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments. Launched in 2018, MarketForce is a fast-growing YC backed company running an asset-light business model and is currently operational in 5 markets in Sub-Saharan Africa, with over 200,000 merchants and 50 consumer brands trading on the platform. |  | Series B | Sep 07, 2022 |  |
| QuadriBot | QuadriBot is an engineering company that specializes in the design and development of automation technology. QuadriBot was founded in 2014 and was headquartered in Meudon, France. |  | Seed | May 03, 2022 |  |
| ImaliPay | ImaliPay is a financial health platform offering financial products to freelancers and blue collar gig workers in partnership with gig platforms. | $3M | Seed | Apr 07, 2022 |  |
| ImaliPay | ImaliPay is a financial health platform offering financial products to freelancers and blue collar gig workers in partnership with gig platforms. |  | Series A | Jan 03, 2022 |  |
| Nanotronics Imaging | Nanotronics Imaging is a high-tech, cutting edge, microscopy, and software company delivering rapid testing and analysis solutions to sectors ranging from materials science and semiconductors to life science and medicine. It has redefined factory control through the invention of a platform that combines AI, automation, and sophisticated imaging toassist human ingenuity in detecting flaws and anomalies in manufacturing.The company was founded in 2010 and is based in New York, New York. |  | Series A | Oct 29, 2021 |  |
| Kiwe app | Kiwe app is a mobile payment application that enables users to transfer money instantly. |  | Seed | Sep 01, 2021 |  |
| Nanotronics Imaging | Nanotronics Imaging is a high-tech, cutting edge, microscopy, and software company delivering rapid testing and analysis solutions to sectors ranging from materials science and semiconductors to life science and medicine. It has redefined factory control through the invention of a platform that combines AI, automation, and sophisticated imaging toassist human ingenuity in detecting flaws and anomalies in manufacturing.The company was founded in 2010 and is based in New York, New York. |  | Venture - Series Unknown | Jul 29, 2021 |  |
| Oxygen | Oxygen is a digital banking platform. It is the first and only challenger in the US that offers both personal and business banking. The bank of the 21st-century economy, serving consumers, small businesses, and freelancers.Available on iOS and Android, Oxygen users enjoy no monthly fees, no paperwork, early direct deposit, simple transfers,cashback rewards, savings accounts, as well as retail and travel benefits. Businesses can easily control their finances with solutions that are elegant, simple, and secure. | $17M | Series A | Dec 21, 2020 |  |
| Oxygen | Oxygen is a digital banking platform. It is the first and only challenger in the US that offers both personal and business banking. The bank of the 21st-century economy, serving consumers, small businesses, and freelancers.Available on iOS and Android, Oxygen users enjoy no monthly fees, no paperwork, early direct deposit, simple transfers,cashback rewards, savings accounts, as well as retail and travel benefits. Businesses can easily control their finances with solutions that are elegant, simple, and secure. |  | Series A | Jul 16, 2020 |  |
| Paynas | Through its cloud-based HRM tool designed to fit the needs of SMEs, a seamless payroll solution—via Visa-powered cards, and tailored and affordable medical insurance, paynas aims to unlock the resources SMEs need to grow, while promoting the financial inclusion of their employees through a menu of financial services and benefits. | $28K | Pre-Seed | Oct 01, 2018 |  |

10 of 11 investments shown.

## Co-investors
- [Leonis Investissement](https://shizune.co/investors/profile/leonis-investissement) — VC Fund, 4 deals together
- [EFG Hermes](https://shizune.co/investors/profile/efg-hermes) — VC Fund, 2 deals together
- [1984 Ventures](https://shizune.co/investors/profile/1984-ventures) — VC Fund, 1 deal together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [8090 Partners](https://shizune.co/investors/profile/8090-partners) — VC Fund, 1 deal together
- [Asahi Media Lab Ventures](https://shizune.co/investors/profile/asahi-medialab-ventures) — VC Fund, 1 deal together

## About Icon Creations

VC Fund · Cairo, Egypt

Founded in 2003 as a creative agency by entrepreneur Ali Shaaban, Icon Creations pioneered the digital movement in Egypt to become the leading full-fledged digital agency it is today. With operations spanning Egypt, the Middle East and beyond, we provide a wide range of services to local & international companies in almost all aspects ofdigital marketing & advertising. Icon Creations is about people, relationships and the convergence of vision, focus and teamwork.With an experienced, collaborative team of graphic designers, content creators, photographers and technologists, Icon Creations blends the best of each field to deliver precise results through a unique market know-how and a dedication to strategic thought. Our team of content creators and digital strategists are always on top of adding prospects to brands, by effectively increasing conversion rates and growing organic reach. Through our online presence and constant strive to remain above trends, we are able to provide both brands and audiences with quality deliverables that set the bar high for digital standards. With a wide range of experiences, a multi-talented team and a prominent history of success stories, we’ve redefined the word Iconic at Icon Creations.

1 contacts available at Icon Creations.

| Name | Title | Profile |
| --- | --- | --- |
| Ali Shaaban | Founder & Managing Director | https://shizune.co/investors/profile/ali-shaaban-ce6f |

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## FAQ

### What does Ali Shaaban invest in?

Ali Shaaban invests primarily in FinTech, Financial Services and Banking startups, most often at Seed and Series A stage. Most of the 11 investments tracked by Shizune back companies in Egypt. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Ali Shaaban last invest?

The most recent investment recorded for Ali Shaaban closed in Sep 2022. Shizune tracks 11 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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