Dayra
Dayra is a fintech company based in Cairo, Egypt, specializing in providing credit and lending services, including loans and virtual bank accounts to unbanked workers through an app.
Company Overview
Dayra is a fintech company located in Cairo, Cairo Governorate, Egypt. With a team of 10, Dayra operates within the credit and lending sub-industry of fintech. The company launched in March 2021 and has since been providing loans and virtual bank accounts to unbanked workers and customers via an app. Dayra serves Egyptian businesses, including a trucking marketplace that offers early advances on earnings to truck drivers. Additionally, Dayra is part of the Y Combinator W21 batch.
Services
Dayra offers a range of financial services through its app, primarily focusing on loans and virtual bank accounts. The company is dedicated to providing financial access to unbanked workers and customers, thereby bridging significant gaps in the financial market. Services are particularly targeted at Egyptian businesses, including a trucking marketplace that allows truck drivers to receive early advances on their earnings. The company also provides data-driven embedded financial services specifically designed for gig workers.
Industry and Sub-Industry
Dayra operates in the fintech industry, with a specific focus on credit and lending. The company is dedicated to leveraging technology to provide innovative financial solutions to unbanked populations. By integrating data-driven approaches and offering services such as early earnings advances and embedded financial solutions for gig workers, Dayra positions itself uniquely within the fintech space.
Operating Regions
Dayra is active in several regions, including Egypt, the Middle East and North Africa, and it also offers remote and partly remote services. The company’s primary operations are based in Cairo, but its reach extends significantly beyond, addressing the financial needs of a broader geographical audience.
Y Combinator Participation
Dayra is part of the Y Combinator W21 batch. This involvement in Y Combinator provides Dayra with valuable resources, mentorship, and networking opportunities to enhance its growth and development within the fintech industry.