Yes, Banque Misr takes equity from startups with a convertible note, subject to the valuation and the stage of the startup.

TEQDAR focuses on co-creation and integration with Banque Misr for Fintech-related startups fitting the bank’s strategic themes and white spaces. It provides startups with distinctive opportunities, fostering collaboration and innovation at the intersection of finance and technology.
In the context of TEQDAR and Banque Misr, co-creation means that startups can work closely with both entities to develop innovative ideas, products, or services that leverage the strengths and expertise of all parties involved. This collaborative approach often leads to more innovative and effective outcomes by combining different perspectives, resources, and capabilities to yield optimal results.

Once accepted in the TEQDAR program, pre-seed or seed-stage startups need to provide TEQDAR with essential requirements, including incorporation and legal documents, including the startup's tax card, and commercial register, as well as business documents for business and investment readiness, including pitch deck (must have) and business plan, financial model and valuation (if available).

Once startups are accepted into Wave 3, the Accelerator Program operates for six months and the startups graduate on a demo day with exposure to access to funding and investors.