- Palm Savings Platform Announces Funding Round Led by 4DX Ventures with Participation from Plus VC
- Round aims to accelerate user growth and support digital services in Egypt
Egypt-based savings platform Palm has closed a multi-million-dollar funding round led by 4DX Ventures, with participation from Plus VC and individual investors from various countries.
The funding aims to accelerate user growth, expand product offerings, and strengthen strategic partnerships, with plans to scale to Mediterranean markets in the future.
Goal-Oriented Smart Saving Service
Palm offers a personalized, goal-based savings experience designed to help users achieve diverse financial objectives, including education, healthcare, marriage, travel, or purchasing household appliances and electronics.
The platform combines diversified investment tools—such as fixed income, equities, and precious metals—with an incentive-based system to encourage regular saving and support users in building financial independence.
Experienced Founding Team
Palm was founded by Mazen El Kurdany and Ahmed Ashour.
Mazen El Kurdany has extensive asset management experience, overseeing nearly USD 2 billion, with leadership roles at EFG Hermes, Beltone Financial Holding, and Egypt Post Investment Company.
Ahmed Ashour is a technology and finance specialist with international experience, having held leadership roles at Amazon, Goldman Sachs, and fintech and consumer-tech startups across Europe, the Middle East, Africa, and the United States.
Together, they aim to deliver savings solutions tailored to Egyptians’ needs and future aspirations.
Mazen El Kurdany’s Comments
Mazen El Kurdany, co-founder and CEO, said:
“We thank our investors for their trust, Our goal is to transform how Egyptians save, making it smarter and more accessible,The real challenge isn’t the ability to save—there’s plenty of liquidity in deposits, gold, and real estate—but the lack of easy-to-access financial products offering real returns and proper diversification.”
He added:
“The traditional formula of ‘earn, spend, save what’s left’ is no longer effective, We want to integrate investment into spending habits and build healthy financial routines that empower individuals while supporting goals like financial inclusion and broader capital market participation.”
Ahmed Ashour’s Comments
Co-founder Ahmed Ashour said:
“Egyptians today have limited options for managed investments due to high fees and minimum thresholds. We aim to change that by offering a modern savings experience that suits their lifestyle and income levels. Our vision is to make saving accessible, easy, and rewarding for everyone.
Investor Perspectives
Peter Orth, co-founder of 4DX Ventures, commented:
“We see Palm as a company with the potential to fundamentally improve financial wellbeing across Africa by simplifying savings, offering real returns, and providing meaningful discounts on major expenses.”
Hasan Haider, founder and managing partner at Plus VC, said:
“Palm addresses a critical gap in personal financial management”
He add:”We believe in its potential to become a trusted financial partner for the next generation.”
Plans for Expansion
With the new funding, Palm plans to grow its user base, develop new financial products, and deepen its network of strategic partners.
The company also aims to reach millions of customers across the Mediterranean region, offering more accessible, flexible, and inclusive financial solutions.
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