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§ Private Profile · Dubai, United Arab Emirates
Hyperscale data center offering wholesale colocation for cloud providers and large enterprises, specializing in AI infrastructure.
Khazna has raised $54.5M across 3 funding rounds.
Key people at Khazna.
Khazna has raised $54.5M in total across 3 funding rounds.
Khazna Data Centers is a leading UAE-based provider of hyperscale data center infrastructure, specializing in wholesale colocation for cloud providers and large enterprises from its bases in Dubai and Abu Dhabi. The company operates 16 data centers across the Emirates, focusing on building advanced AI-ready facilities, including "AI factories" certified for NVIDIA’s Blackwell architecture. These facilities support generative AI and high-performance computing across the Middle East and Africa. Khazna Data Centers was fully acquired by G42 in 2020, having previously been majority-owned by Mubadala Investment Company, and maintains strategic partnerships with technology firms like NVIDIA. Hassan Alnaqbi serves as CEO. The organization was founded in 2012 by Mubadala Investment Company. Its business model centers on wholesale colocation services, leasing data center space and infrastructure to hyperscale clients like cloud providers.
Key people at Khazna.
Khazna has raised $54.5M in total across 3 funding rounds.
Khazna's investors include 500 Global, Accion Venture Lab, Algebra Ventures, Blue Impact, Quona Capital, Asher Siddiqui, Harlem Capital, Kalytix Ventures, SemperVirens Venture Capital, Jay Weintraub.
Khazna has raised $54.5M across 3 funding rounds. Most recently, it raised $16.0M Series B in February 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2025 | $16M Series B | — | 500 Global, Accion Venture LAB, Algebra Ventures, Blue Impact, Quona Capital, Asher Siddiqui | Announced |
| Mar 1, 2022 | $38M Series A | Quona Capital | 500 Global, Accion Venture LAB, Algebra Ventures, Blue Impact, Harlem Capital, Kalytix Ventures, Sempervirens Venture Capital, Asher Siddiqui, JAY Weintraub | Announced |
| Mar 1, 2020 | $500K Seed | — | Accion Venture LAB, Algebra Ventures, Harlem Capital, Kalytix Ventures, Sempervirens Venture Capital, JAY Weintraub | Announced |
Khazna is a fintech company headquartered in Cairo, Egypt, offering a mobile financial super app that provides earned wage access and digital financial services to underbanked employees. Founded in 2019, it enables corporate workers to access a portion of their earned salary via smartphone, addressing cash flow gaps for over 20 million underbanked Egyptians through convenient loans, insurance, and payroll-integrated solutions[2][3][4][5][6]. The app serves the corporate sector, solving liquidity issues for employees in formal jobs and gig workers by delivering unsecured loans and benefits directly, with strong growth evidenced by $54 million in total funding, including a $16 million pre-Series B round, 200+ employees, and expansion plans into Saudi Arabia and digital banking[2][3][4].
Khazna was founded in April 2019 in Cairo by a team with over 50 years of combined experience in finance, corporate strategy, and technology, aiming to improve financial well-being for Egypt's underbanked population[3][4]. The idea emerged from recognizing the lack of accessible financial services for millions reliant on formal employment but facing monthly cash shortages, leading to the development of a smartphone-based platform for earned wage access[2][5][6]. Early traction came from partnerships with employers for payroll integration and funding from local and international fintech investors, fueling rapid scaling to 200+ employees and market leadership in Egypt's fintech space[3][4].
(Note: Search results mention a separate "Khazna Data Centers" entity focused on AI infrastructure in the UAE, but context confirms this query refers to the Egyptian fintech Khazna[1][2].)
Khazna rides the fintech wave in emerging markets, capitalizing on rising smartphone penetration (over 50% in Egypt) and demand for inclusive financial services amid economic pressures like inflation[2][3]. Timing aligns with MENA's digital transformation, where underbanked populations (20M+ in Egypt alone) seek alternatives to informal lending, fueled by regulatory support for digital banking and BNPL models[2]. Market forces like gig economy growth and corporate wellness trends favor its payroll-linked model, positioning it against competitors like Tamara and Paymob while influencing Egypt's ecosystem by normalizing earned wage access and attracting investment into African fintech[2][3].
Khazna is poised for regional dominance with its digital banking license pursuit, Saudi entry, and super app evolution into full financial services, potentially tripling users amid MENA's 20%+ fintech CAGR[2][3]. Trends like AI-driven credit scoring and embedded finance will shape its path, enhancing risk assessment for underbanked segments, while global funding flows bolster competition. Its influence may evolve from Egypt's wage access pioneer to a cross-border fintech leader, empowering millions in the digital economy—much like its core mission to unlock earned potential for the underbanked.
