Company Overview: Khazna
Khazna is a leading enterprise in the financial technology and data center sectors, delivering comprehensive solutions in digital finance and data hosting. Established in April 2019, Khazna shines as a financial technology company dedicated to developing a "Financial Super App" aimed at serving Egypt’s underserved consumers and micro-businesses, with ambitions of enhancing the financial well-being of over 20 million underbanked Egyptians. The company has strategic plans to expand its services into Saudi Arabia and further regions.
Khazna Data Center Limited, headquartered in Dubai, excels in advanced wholesale data centers. It leads as a wholesale colocation provider in the UAE, creating value for cloud providers and large enterprises through sustainable energy solutions. Its facilities are carrier-neutral, ensuring connectivity to top UAE carriers and a focus on energy efficiency through scalable and reliable hosting solutions.
Leadership Team
- Hassan Alnaqbi, CEO: Instrumental in Khazna's growth, Hassan is pivotal in positioning the UAE as an emerging international ICT hub. He is acclaimed for reshaping the technology landscape.
- Fatma Ashkanani, Chief Corporate Officer: Joining in 2016 from Mubadala Investment Company, Fatma has been a staunch advocate for Emirati women's roles in technology, essential to Khazna's corporate strategy and expansion.
- Ziad Samaha, VP New Business: He propels the company's business development, targeting growth and international connections, backed by a strong background in telecommunications and data centers.
- Fabio Cattaneo, Chief Financial Officer: With two decades of financial management expertise, including tenure at General Electric, Fabio guides financial strategy and management.
- Roula Khaled, General Counsel: With significant experience in mergers and acquisitions, Roula supports strategic partnerships and championing gender diversity within governance frameworks.
Recent Financial Performance and Developments
Khazna's significant financial trajectory is illustrated by securing $16 million in pre-Series B funding, increasing their total funding to over $63 million. This capital injection fuels the expansion of Khazna's financial services offerings, especially its super app designed to bolster financial inclusion in Egypt and beyond.
Strategic Initiatives
Sustainability is at Khazna's core, demonstrated by investments in meeting international environmental standards via reduced power consumption through centralized monitoring systems. Their offerings deliver business advantages in economies of scale, competitive pricing, and customizable modular solutions, all tailored to meet customer-specific requirements swiftly.
Khazna's integration of sophisticated financial technology with leading-edge data center solutions underscores its forward-thinking ethos, emphasizing sustainability, regional connectivity, and the evolution of the financial landscape. Guided by a visionary leadership team, Khazna is poised as a formidable player in both local and global arenas.
Competitor Profiling for Khazna
Overview
Operating from Cairo, Egypt, Khazna is firmly rooted in the fintech ecosystem, enhancing and extending financial services through mobile technology to empower Egyptians. Positioned within the financial services sector, Khazna delivers secure, technology-driven financial transaction solutions.
Key Competitors
Direct Competitors
1. Nexta
- Industry: FinTech, Neobanks, Banking, Financial Services
- Founded: 2021
- Headquarters: Cairo, Egypt
- Employees: 51-200
- Funding: $5.2 Million in a Seed round
- Business Model: Provides a non-traditional banking experience via a mobile app.
2. Blnk
- Industry: FinTech, Lending, BNPL, Financial Services
- Founded: 2020
- Headquarters: 6th of October, Giza, Egypt
- Employees: 201-500
- Funding: $32 Million raised through equity, debt, and bonds
- Business Model: Offers point-of-sale financing aimed at consumer financial inclusion.
3. NowPay
- Industry: FinTech, Employee Financial Wellness
- Headquarters: Cairo, Egypt
- Employees: 73
- Business Model: Provides on-demand salary loans and wellness solutions to enhance employee financial stability.
4. Telda
- Industry: FinTech, Peer-to-Peer Payments
- Founded: 2022
- Business Model: Focuses on simplifying financial transactions for Millennials and Gen Z with a dedicated app.
Additional Competitors
- Conta Simples, Euodia, and Pepper are acknowledged competitors.
- International Competitors: Include Paymob, EBANX, Paystack, Finja, JazzCash, and Venmo.
- Large Corporations: Alibaba Cloud, Amazon, and DigitalOcean pose significant competition within the broader industry landscape.
Financial Metrics
Accurate data from Growjo conveys Khazna Data Centers' reported annual revenue as approximately $13.3 million, with an employment count of about 92 individuals.
Summary
Khazna navigates a competitive environment populated by both local and international fintech entities, differing in scale, workforce, and service models. These competitors target varied financial services from digital banking to salary advances and point-of-sale credit solutions, underlining Khazna's need to innovate and engage users effectively to sustain its market leadership.
