.Egypt's Fintech SETTLE Binds USD 2 M in Pre-Seed Backing.SETTLE, an Egypt-based fintech, has raised USD 2 M in a pre-seed backing around led through Shorooq Partners. El Sewedy Capital Holding, Acasia Ventures, as well as Plus VC participated. Founded in 2023 through Kamil Sayour and Mostafa Mobarak, resolve promotions a web-based B2B payment system focused on improving companies' economic procedures.The company intends to make use of the funds to grow into global markets as well as further cultivate its own platform. Currently in its own pre-launch stage, clear up claims to have refined over USD 1 M in purchases in the course of its own testing stage, working around development, electricity, and getting sectors. The system intends to improve repayment procedures while providing companies real-time cash flow ideas.