Tafweela is the first venture building project announced by T-Vencubator, a trailblazing organization providing venture building, venture capital, and incubation services. Tafweela’s cutting-edge end-to-end payment solution is poised to transform Egypt’s automobile payments ecosystem. This calculated action demonstrates T-Vencubator’s dedication to supporting innovative businesses that propel digital transformation in important industries.
Established in 2023 by visionary businessman Marwan El Shayeb, Tafweela is a recently released technology designed to digitize automobiles and convert them into payment methods. Tafweela gives businesses the ability to streamline processes, do away with cash handling, and obtain insightful data about fleet performance by implementing a tap-and-go system.
Tafweela’s B2B model has already been introduced, but its planned expansion into B2C and individual cars will soon upend Egypt’s entire mobility ecosystem.
This innovative solution is a perfect fit with T-Vencubator’s mission to support businesses that tackle important market issues and use financial inclusion to boost Egypt’s economy.
T-Vencubator will offer Tafweela full support, including capital investment, mentorship, network access, and operational expertise, as it becomes the first company in its venture building portfolio. Tafweela will be able to expand its operations and grow more quickly thanks to this new strategy.
Through centralized teams and products, T-Vencubator eventually serves as a hub where all portfolio companies can exchange experience. It establishes a self-sufficient ecosystem that encompasses numerous industries and verticals.
“Tafweela represents the embodiment of our venture-building philosophy,” said Reem Safy, CEO & Founder of T-Vencubator. “We are excited to help Marwan build Tafweela and create a high-impact business that addresses a significant market need. This venture exemplifies our commitment to identifying and nurturing exceptional entrepreneurs and their innovative ideas.”
“Joining T-Vencubator’s venture-building portfolio is a game-changer for Tafweela,” said Marwan El Shayeb, Founder & CEO of Tafweela. “Their expertise and resources will be instrumental in our mission to revolutionise the vehicle payments industry. We are confident that together we will create a sustainable and scalable solution that benefits businesses across Egypt.”
Tafweela’s launch represents a major turning point for T-Vencubator and shows the company’s capacity to find, nurture, and grow high-potential businesses. As Tafweela expands, it will contribute to Egypt’s thriving startup ecosystem and act as a template for future venture-building projects.
Finding promising market opportunities and putting together top-tier teams to create and launch disruptive businesses are the main goals of T-Vencubator’s venture-building model. Through the combination of operational support, strategic advice, and financial resources, T-Vencubator enables entrepreneurs to establish profitable businesses that add value over time.
In addition to venture capital and incubation, T-Vencubator announced earlier this month the launch of T-Fund, which will provide financial support and investments to five carefully chosen startups by 2025. With the opening of T-Vencubator’s venture capital division, startup founders are encouraged to submit their information via the website.
