3 Egyptian startups win $10k grants from Visa, CIB “She’s Next” competition

Three Egyptian startups have been awarded US$10,000 each after finishing in the top three of the She’s Next competition run by Visa and Commercial International Bank (CIB).

She’s Next is part of Visa’s efforts to support the digitalisation of women-owned businesses, and in partnership with CIB the competition received over 4,000 applications from across Egypt.

The winning entrepreneurs were Hadeer Shalaby, the founder of Green Fashion; Salma Tammam, the founder of Reme-D; and Nihal Ali, the founder of Fincart. The winners, selected at an award ceremony at the Hyatt Regency Cairo West, each received grants worth US$10,000 along with a year of business coaching from the United States Agency for International Development (USAID).  

“Visa is truly honoured today to recognise the incredible resilience and forward-looking spirit of Egypt’s women entrepreneurs, and we are more than proud to empower these trailblazers, addressing their unique challenges and fostering an environment where they can thrive,” said Leila Serhan, Visa’s senior vice president and group country manager for the North Africa, Levant and Pakistan (NALP) region. 

“This initiative addresses the importance of access to capital, mentorship, and a robust digital infrastructure for the growth and scalability of women-led businesses. We extend heartfelt congratulations to the She’s Next winners in Egypt and eagerly anticipate supporting them in their entrepreneurial journeys.”