Khazna
Egyptian financial super-app.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Pursuing Central Bank of Egypt digital-bank license (target mid-2026); lends via FRA-regulated entities.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Khazna’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · underbanked |
| HQ | Cairo, EG |
| Founded | 2020 |
| Custody | Custodial |
| Regulation type | License pending (partner model today) |
| License detail | Pursuing Central Bank of Egypt digital-bank license (target mid-2026); lends via FRA-regulated entities |
| Card | No card |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Africa |
| Founders | Omar Saleh |
| Funding | ~$60M+ raised |
Verified links: official site ↗
Common questions about Khazna
What is Khazna?
Khazna is a fiat neobank built for underbanked, headquartered in Cairo, EG and founded in 2020. Your money is held custodially, so Khazna or its partner bank holds the balance and you hold a claim on it. Its license is pending, so it runs on a partner-bank model today (Pursuing Central Bank of Egypt digital-bank license (target mid-2026); lends via FRA-regulated entities).
Does Khazna have a card, and where can you use it?
It issues no card of its own. It is available in Africa.
Does Khazna require KYC?
Yes. Khazna requires identity verification (KYC) to open an account, as a license pending (partner model today).
Head-to-head
Khazna vs PalmPay · Khazna vs Wave · Khazna vs MNT-Halan
Peers
Wise · TymeBank · OPay · PalmPay · Bank Zero · Discovery Bank
Khazna appears in
Neobanks available in Africa (92) · Neobanks built for the underbanked (23) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.