When was Nexta founded?

Nexta was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Nexta located?

Nexta is headquartered in Cairo, Egypt.

How many employees does Nexta have?

As of Jul 01, 2024, the latest employee count at Nexta is 39.

Is Nexta a funded company?

Nexta is a funded company, having raised a total of $5.2M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 10, 2022.

When was the latest funding round of Nexta?

Nexta's latest funding was a $***** Series A round on Oct 19, 2022, with participation from 1 investor.

Where does Nexta rank among its competitors?

Nexta ranks 2nd amongst 2 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Nexta, which secured $3M in Oct, 2022.

Nexta - 2026 Company Profile, Team, Funding & Competitors

Company Details

Digital bank for individuals. Its services include savings accounts, NFC-enabled prepaid cards for online/offline purchases, bill payments, money transfers, and more. It features biometrics-based authentications, insights on income and expenses, and more.

Website: getnexta.com
Social

Key Metrics

Founded Year

2021

Location

Cairo, Egypt

Stage

Series A

Total Funding

$5.2M in 2 rounds

Latest Funding Round

Series A, Oct 19, 2022, $*****

Investors

e-finance & 1 more

Ranked

2^nd among 2 active competitors

Employee Count

39 as on Jul 01, 2024

Similar Companies

Chime & 498 more

View Nexta's full profile

Nexta has raised a total funding of $5.2M over 2 rounds. Its first funding round was on Mar 10, 2022. Its latest funding round was a Series A round on Oct 19, 2022 for $*****. 1 investor participated in its latest round. Nexta has 2 institutional investors.

Here is the list of recent funding rounds of Nexta:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 19, 2022	5718583	Series A	8150902	4124860	5054090	6617039
Mar 10, 2022	6018819	Seed	4102035	2431005	DisrupTech	4752073

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View details of Nexta's funding rounds and investors

The founders of Nexta is Ahmed Hisham. Ibrahim Farag is the CEO of Nexta.

Here are the details of Nexta's key team members:

Ahmed Hisham: Co-Founder of Nexta.
Ibrahim Farag: CEO of Nexta.

View details of Nexta's Founder profiles and Board Members

Nexta's employee count trend

Nexta has 39 employees as of Jul 24. Here is Nexta's employee count trend over the years:

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Top competitors of Nexta include Kuda. Here is the list of Top 10 competitors of Nexta, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Kuda 2017, Lagos (Nigeria), Series B	Provider of a digital bank for individuals	$91.6M	Valar Ventures, Target Global & 19 others	72/100
2nd	Nexta 2021, Cairo (Egypt), Series A	Digital bank for individuals	$5.2M	DisrupTech, e-finance	39/100