.Egypt's Fintech SETTLE Anchors USD 2 M in Pre-Seed Backing.WORK OUT, an Egypt-based fintech, has raised USD 2 M in a pre-seed backing round led by Shorooq Partners. El Sewedy Funding Holding, Acasia Ventures, as well as Additionally VC got involved. Founded in 2023 by Kamil Sayour and Mostafa Mobarak, work out provides a web-based B2B settlement system intended for updating businesses' financial procedures.The business intends to utilize the funds to extend into worldwide markets and further establish its own platform. Currently in its own pre-launch period, work out insurance claims to have processed over USD 1 M in transactions during its own screening period, working across building and construction, electricity, and having business. The platform targets to simplify payment processes while supplying business real-time cash flow knowledge.