ZH advises Algebra Ventures and Banque Misr in their investments in the USD 8 million Series A Funding round of Connect Money

We are proud to announce that we represented both Algebra Ventures and Banque Misr in their successful investments in the USD 8 million Series A Funding round of Connect Money which took place last month. Separately, Algebra Ventures’ investment amounted to USD 1.5 million while the investment made by Banque Misr, through its investment arm Misr Capital S.A.E, amounted to USD 1 million.

Our team of lawyers advising on both transactions was led by our Senior Associate Tarek El Erian - with a scope that included advising on, drafting, negotiating, and reviewing the core transaction documents. Our lawyers also played a key role in advising on other aspects of the investments such as the Software Agreements and the Fintech Agreements between Banque Misr and Connect Money with regards to the co-issued prepaid cards.

We extend a special thanks to the brilliant teams of Algebra Ventures and Banque Misr for their support throughout. Congratulations to all involved!