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In partnership with the International Finance Corporation (IFC) and powered by Commercial International Bank (CIB), AUC Venture Lab graduated four fintech startups on June 9: Caishni, SLYD, El Laban and A-Eye Tech.

AUC Venture Lab Celebrates Fintech Accelerator Demo Day Cycle 6

Jul 16, 2019

Last Monday, the AUC Venture Lab celebrated a new batch of graduates from its Fintech Accelerator Program. In this cycle, four startups pitched their ideas: Caishni, SLYD, El Laban and A-Eye Tech. 

Caishni is a zero-fee online platform based on the rotating savings and credit association model; a form of peer-to-peer lending. Through Caishni, customers save money by joining flexible daily and monthly cycles with no waiting lists. 

SLYD is a micro-mobility startup offering affordable rides for first- and last-mile trips of short distances (less than 5 kilometers). Through its app, riders can locate a scooter near them, unlock it and rent it for the duration of their trip. The SLYD wallet is charged once the user parks and locks their scooter after the trip. 

El Laban is an agri-fintech platform that enables farmers with best online/offline cow milking practices and gives them access to financial services. Milk factories, on the other end, are able to yield milk traceability and the quality of the individual milk market. Through its platforms, El Laban ensures a smooth operational process in the dairy industry.

Finally, A-Eye Tech is a full offline-retail analyzer producing live analytics of shelf insights, customer behavior and inventory while using the latest techniques in artificial intelligence (AI) applications to enhance the customer experience of retailers and vendors. 

The Fintech Accelerator is a 16-week customized acceleration program for financial technology startups providing entrepreneurs with specialized business finance and technology support. The program is designed to help idea- and early-stage startups to explore the ultimate product-market-fit, empowered by business training, dedicated coaching, specialized industry insights and mentorship by financial institution partners and field experts. 

With a mission of helping Egyptian startups commercialize their innovative solutions into viable businesses, AUC Venture Lab is Egypt’s first university-based startup accelerator and a leading accelerator in the Middle East and Africa, supporting innovation-driven and passionate entrepreneurs looking to turn their solutions and technologies into viable businesses. Since 2013, more than 150 startups have been accelerated, covering multiple sectors.