# Nclude

> Nclude is a VC fund backing FinTech, Payments and E-Commerce. See 15 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Total investments: 15
- Last investment: Apr 2026
- Lead investor: 33%
- Last updated: Aug 2026

Nclude is a VC fund focused on FinTech and Payments. Nclude by Global Ventures is committed to accelerating Fintech Innovation and driving Financial Inclusion through partnerships with leading Fintech and fintech enabled companies.

## Contacts

5 contacts available for Nclude. Shizune tracks 2 team members at Nclude. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/nclude?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3M–$34M |
| Series A | $16M–$52M |
| Series B | $16M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 13% |
| Payments | 2 | 13% |
| E-Commerce | 2 | 13% |
| Financial Services | 2 | 13% |
| Apps | 1 | 7% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 20% |
| Series A | 3 | 20% |
| Series B | 3 | 20% |
| Pre-Seed | 1 | 7% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Basil Moftah | General Partner | 22 | https://shizune.co/investors/profile/basil-moftah |
| Eslam Darwish | Founding General Partner | 5 | https://shizune.co/investors/profile/eslam-darwish |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Lucky | Lucky is an app for credit products, offers, and cashback rewards. | $23M | Series B | Apr 07, 2026 |  |
| Nawy | Nawy is Africa’s largest proptech company, transforming real estate across the MENA region with cutting-edge technology. With AI-powered search, expert in-house brokerage, and innovative financing solutions, Nawy simplifies property transactions for consumers, brokers, and developers alike. Its growing portfolio includes Nawy Shares, Nawy Now, NawyPartners, and Nawy Unlocked where it enhances accessibility, transparency, and efficiency. Nawy’s vision is to play an integral role in every real estate transaction, driving innovation and shaping the future of the industry.. | $52M | Series A | May 12, 2025 |  |
| Money Fellows | Money Fellows is a financial technology company that offers digitized money circles, also known as rotating savings and credit associations (ROSCAs). Through its mobile application, users can join money circles with flexible durations of 6, 10, or 12 months. Participants make regular contributions and receive payouts according to a predeterminedschedule. The platform supports various payment methods, including the Money Fellows Card, credit/debit cards, pre-paid cards, bank transfers, Fawry, and e-wallets. Users can participate in multiple circles simultaneously, with payouts up to 1,200,000 EGP. The service includes features such as cashback on payouts and discounts on pay-ins. Money Fellows operates under the supervision of the Central Bank of Egypt's Regulatory Sandbox and collaborates with Banque Misr to monitor transactions and user payouts. | $13M | Series C | May 04, 2025 |  |
| Khazna | Khazna is an Egyptian company that aims to improve and expand financial services for Egyptians through the mobile application. | $16M | Series B | Feb 04, 2025 |  |
| Paymob | Paymob is a regional digital payments enabler that builds payments infrastructue technologies empowering the underserved with access to financial services. Paymob is bridging the financial inclusion gap in MEA region by enabling businesses of all sizes to benefit from the power of digital payments and what it unlocks. Paymob was founded in 2015and headquartered in Cairo, Egypt. | $22M | Series B | Sep 11, 2024 |  |
| FlapKap | FlapKap is a company revolutionizing e-commerce and SaaS growth in the MEA region. | $34M | Seed | Sep 09, 2024 |  |
| OneOrder | One Order delivers exceptional produce, custom cuts of meat, high-quality seafood, and imported foods offering an array of global flavors. | $16M | Series A | May 23, 2024 |  |
| Mozare3 | Mozare3 operates as an agricultural-fintech startup. Mozare3 is a platform that serves more than 20 million underserved, unbankable smallholder farmers and their families. |  | Venture - Series Unknown | Jan 01, 2024 |  |
| OneOrder | One Order delivers exceptional produce, custom cuts of meat, high-quality seafood, and imported foods offering an array of global flavors. | $3M | Seed | Dec 05, 2022 |  |
| Grinta | Grinta is a pharmaceutical supply chain that uses AI and ML to empower local pharmacies. It is a managed marketplace that is modernizing the pharmaceutical supply chain by empowering independent pharmacies across Africa through AI & ML technologies. | $8M | Seed | Nov 21, 2022 |  |

10 of 15 investments shown.

## Co-investors
- [A15](https://shizune.co/investors/profile/a-15) — VC Fund, 7 deals together
- [Disruptech Ventures](https://shizune.co/investors/profile/disruptech) — VC Fund, 4 deals together
- [Endeavor Catalyst](https://shizune.co/investors/profile/endeavor-catalyst) — VC Fund, 4 deals together
- [Global Ventures](https://shizune.co/investors/profile/global-ventures) — VC Fund, 3 deals together
- [AB Xelerate](https://shizune.co/investors/profile/ab-accelerator) — VC Fund, 2 deals together
- [British International Investment](https://shizune.co/investors/profile/british-international-investment) — VC Fund, 2 deals together

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## FAQ

### What does Nclude invest in?

Nclude invests primarily in FinTech, Payments and E-Commerce startups, most often at Seed and Series A stage. Most of the 15 investments tracked by Shizune back companies in Egypt. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Nclude's check size?

Nclude typically joins rounds of $3M–$34M at Seed, $16M–$52M at Series A and $16M–$50M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Nclude participates in.

### How do I contact Nclude?

For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Nclude?

The team at Nclude includes Basil Moftah (General Partner) and Eslam Darwish (Founding General Partner). The Team section lists each member with their title, investment count and links.

### 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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