Egyptian Fintech ”octo” Joins EBRD’s Star Venture Program to Accelerate Growth

Monday 21 September 2026 07:40

Egyptian digital payments startup octo has officially joined the European Bank for Reconstruction and Development (EBRD) Star Venture program. The intensive 24-month initiative is designed to support high-potential, innovative startups by providing a comprehensive ecosystem of specialized consulting, operational support, and access to a vast international network of mentors and venture capitalists.

Co-Founder and CEO Karl Marcou emphasized that leveraging the EBRD’s expertise will be instrumental in refining octo’s business model and enhancing its operational, commercial, and investment readiness for future expansion. Founded in 2021, octo provides a suite of digital financial services—including peer-to-peer transfers, card management, bill payments, and corporate payroll solutions—aimed at advancing financial inclusion.

EBRD Star Venture Track Record

The Star Venture program targets high-potential enterprises across more than 30 markets, ranging from the MENA region to Eastern Europe and Sub-Saharan Africa. The program's historical performance highlights its significant impact on startup scaling and fundraising:

MetricStar Venture Portfolio Data (Since 2019)

Global ReachSupported over 400 startups and 40+ accelerators.

Fundraising Success73% of portfolio companies successfully raised capital during or after the program, securing a cumulative total exceeding $850 million.

Average InvestmentStartups secured an average funding ticket of $2.9 million.

Revenue ScalingThe portfolio recorded an average revenue multiplier of 6x, with 76% of participating companies achieving top-line growth.

Demographic FocusPortfolio composition: 51% youth-led, 43% green economy ventures, and 34% women-led.