Top SaaS Companies in Egypt

List of the largest SaaS companies in Egypt (Click to apply)

These are the top SaaS companies in Egypt. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Egypt by featuring these 30 companies with combined revenues of $120.9M.

Together, Egypt SaaS companies employ over 2K employees, have raised $0.0 capital, and serve over 750K customers around the world.

$0 - $1M ARR
  1. Mokalmat $720.8K
  2. AKWAD $720.5K
  3. COLNN $627.9K
  4. Untap $502.0K
  5. Cloud AI-D $491.1K
$1M - $5M ARR
  1. Gameball $2.6M
  2. Compareha $2.2M
  3. beXel $1.9M
  4. WideBot $1.2M
$5M - $10M ARR
$10M+ ARR
  1. ITWorx $37.7M
  2. HackerRank $19.6M
  3. Avelabs $19.1M
  4. Trella $17.4M
  1. 01
    ITWorx

    ITWorx

    Business Intelligence Software

    Operator of software professional services organization. The company provides cloud-based and on-premise services with an emphasis on advanced analytics, enterprise mobility, performance management and CRM to governments, financial services firms, educatio

    $38M

    750K

    884

    1994

    Egypt

  2. 02
    HackerRank

    HackerRank

    Development Software

    Programmer IQ

    $20M

    $43M

    200

    2011

    Egypt

  3. 03
    Avelabs

    Avelabs

    Innovation Intelligence Software

    Provider of embedded services designed to provide a constant medium between customers and innovation. The company's services offer software analysis tool, enabling automotive engineers to debug and update software by providing insight information about its

    $19M

    228

    2012

    Egypt

  4. 04
    Trella

    Trella

    B2B Marketplace Platforms

    Trella is a platform that connects shippers to carriers. Trella offers services and technology to em...

    $17M

    $750K

    178

    2019

    Egypt

  5. 05
    ExpandCart

    ExpandCart

    E-Commerce Software

    Developer of a website creation platform designed to create an affordable site for displaying the features of a company online. The company's platform offers an interface to create blog, website or online stores by adding media and documents like pictures

    $9M

    $3M

    162

    2013

    Egypt

  6. 06
    Gameball

    Gameball

    Computer Software

    Operator of a SaaS platform intended to provide instant gamification, rewards and engagement analytics. The company's tool helps to boost digital users' engagement, along with gamer-like user profiling, interactive notifications and rewards management, all

    $3M

    31

    2018

    Egypt

  7. 07
    Compareha

    Compareha

    E-Commerce Software

    Developer of an online marketplace for financial products intended to enhance the lead acquisition process for financial providers and assisting customers to choose the most suitable financial product in the market. The company's platform offers a comprehe

    $2M

    $25K

    25

    2019

    Egypt

  8. 08
    VAS Integrated Solutions

    VAS Integrated Solutions

    It Infrastructure Software

    Provider of technology infrastructure services providing storage integration, cloud enablement and virtualization services. The company's technology services offers consulting services, assessment, architecting, systems procurement and supply, implementati

    $2M

    38

    1999

    Egypt

  9. 09
    beXel

    beXel

    Information Technology Software

    $2M

    23

    2013

    Egypt

  10. 10
    WideBot

    WideBot

    Artificial Intelligence Software

    The First Arabic-Focused Bot Builder Platform!

    $1M

    $500K

    37

    2016

    Egypt

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What are the fastest growing companies doing?

83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?

We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.