Rating: 4.5+ Downloads: 19,950+ Size:43 MB Updated: December 03, 2022
Telda Apk will use the funds to expand into new markets and new product offerings, he said. The startup received final approval from the Central Bank of Egypt (CBE) to operate the card earlier this year.
It launched last month, opening its MasterCard app and card to the public. Since then, 25,000 tickets have been collected and there is a waiting list of 110,000 customers who have ordered their tickets through the app.
Founded in 2021, Telda raised $5 million in a pre-seed funding round led by Sequoia Capital with participation from Global Founder Capital and Class 5 Global within months of launch.
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About Telda APK
Telda Apk, the Egyptian consumer money app founded last April by former SWVL executive Ahmed Sabah, has raised $20 million in seed funding. The fintech said in a statement that it aims to “revolutionize finance for the MENAP region.”
Its main market, Egypt, is one of the highest consumer spending markets in Africa. The North African market’s private consumption accounts for 85% of its nominal GDP and only 4% of total GDP is non-cash. Card usage in the country is still in its infancy in a cash-centric society, but startups like Telda are betting on their card products to change history, or at least try to.
Sabah told TechCrunch last year that Telda had received a license from Egypt’s leading bank, the Central Bank of Egypt (CBE), under its new rules, allowing the company to issue cards and offer digital services to customers. Permission was granted. More than a year after this go-to-market approval, however, Telda has yet to bring its Maps app and products to more than 30,000 registrants.
According to sources who spoke to TechCrunch, after raising so much money, Telda had to go directly to the Egyptian market due to issues with a large bank that needed the proper license to be recognized as a digital bank. At the time, it seemed to describe Telda. Sabah denied that there was any conflict between the two parties. “We are proud to be the first company to receive a license in Egypt. Egypt’s commitment to shaping the future of finance and establishing itself as a global fintech hub is reflected in the support we received from regulators last year,” he said.
Telda finally received license approval from the CBE a few weeks ago to launch a consumer payment and money app in the Egyptian market. The company finally went live last month, introducing its MasterCard app and card to the public. This includes 25,000 tickets and a waiting list of 110,000 customers who have ordered their tickets. According to the Consumer Money app, “it’s trying to change how people in this part of the world view and manage their finances: from transferring money to saving habits to shopping online/offline.”
In a country where 50% of its 100 million people are active smartphone users, two out of three people in Egypt have little or no access to formal financial services. Telda Apk is one of several fintech apps that have raised token capital to offer services such as rewards, cards, and purchases that pay individual customers later. Another fintech is simple, lucky, and treasure.
What is Telda APK?
The Telda app offers users a range of features including sending and receiving money and is the first in the market to provide users with a complete one-click digital card payment experience without the need for a bank account. Customers can transfer money in just a few simple steps. Users can manage their prepaid accounts with money management features that allow them to quickly and easily take control of their finances.
“We are excited to partner with Telda to launch Egypt’s first money app. This milestone furthers the digital transformation of the Egyptian economy, enabling us to make payment transactions from the comfort of our homes while providing a secure, convenient, and seamless experience.”
Mohamed Asim, Country Manager Egypt, MasterCard said. “We welcome MasterCard and recognize our role in supporting the Egyptian government’s efforts towards an inclusive digital economy and look forward to advancing this program through our partnership.
“It is a finance brand built to provide a more efficient banking experience for Millennials and GenZ. We offer a smart way to handle money as an alternative to traditional payment systems. We are offering money in Egypt,” said Ahmed Sabah, co-founder, and CEO of Telda. “MasterCard Egypt is open to new products and technologies and has been the best partner we could have hoped for in developing a unique solution,” Sabah said.
Digital payment platforms represent an alternative to traditional banking services, offering a virtual system with the same range of products and services through online platforms and mobile applications, so customers never have to visit a branch. The business model is to eliminate cash and promote paperless digital transactions. The platform reflects Telda’s digital vision and enables customers to quickly and easily open a prepaid account at any time.
Features of Telda APK
Pay anywhere. Pay everyone.
Telda is the fastest and easiest way to send, spend and save money. It is a secure, fast, and free mobile banking application.
works like this
Download Telda and register from your phone in minutes – no long lines, no paperwork, and no hassle.
There are no hidden charges. Yes, that’s right – no maintenance fees, no low funding fees, and no minimum balance requirements.
Send & Receive Instantly
Receive, request, and send money instantly to friends and family with just a few clicks and for free. The easiest way to pay with Telda is to share a meal with a friend or rent with a roommate.
Get a FREE Mastercard Accepted Worldwide
Order your free Telda Card (Matte Black Mastercard) directly from the app. You can pay online, in-store or contactless.
Manage your expenses better
Not sure where all your money is going? Learn to better manage your spending, see all your transactions broken down into smart sub-categories, and better understand your financial habits. Get instant notifications of all account activity so you know what’s happening in your account 24/7.
Privacy and Security
Secure all your payments with a password or fingerprint. If you lose your Telda card, stop spending it with just one click. All your information is stored securely. According to the laws and regulations of the Central Bank of Egypt, your money is protected by licensed banks.
Screenshot of Telda APK
How to install Telda APK on your Android device?
- Using your browser, you can download the APK file directly to your Android smartphone or tablet.
- Tap on your browser’s application file to download it.
- You will then see the download in the top bar of your device.
- After downloading the APK, tap the file under Downloads and confirm your decision by tapping Yes.
- A new application will be installed on your device.
Please contact us if you have problems installing the app.
What is the Plus point of Telda APK?
- From a third-party website, you can download the latest version of the Telda APK. You can move most versions around in the app store.
- You won’t see the verification method on it, it downloads immediately, unlike the Play Store.
- While downloading, a file is placed on your memory card or system storage. As such, you uninstall and reinstall them when not downloading them.
What is the Minus point of Telda APK?
- Sometimes Google doesn’t verify the installation of apps from third-party sources. As a result, your phone may suffer damage.
- There are viruses in files that can steal information from your phone or damage it.
- There may be times when your apps cannot access the Google Play Store, making it impossible for them to update mechanically.
The most frequently asked questions
Q: How much does Telda APK cost?
A: You can use it for free and it has unlimited possibilities. Paying for business mode can be expensive. However, you can get the APK for free here.
Q: How to download Telda APK from Apkfreeload?
A; There is nothing complicated about it. In this article, I have shared this software for free so you don’t have to go anywhere else. You can download it for free from Apkfreeload.com. Tell your friends and family about your experiences.
Q: What is Telda APK?
A: This is one of the most useful apps for Android.
After downloading the Telda APK for Android
Location for the latest version.
Download options and mirrors
ADDITIONAL INFORMATION about Telda APK’s latest version.
Requires Android -5.0 and Up
Target: Android 9.0
Current Version: v2.8.2
Package Name: io.telda.app
Rating – 4.5+
Price – Free
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