How Egypt's Octane Helps Businesses Manage Fuel & Vehicle-Related Expenses Across Fleets
Egyptian startup Octane is a digital platform that helps businesses manage fuel and vehicle-related expenses across fleets operating in the Middle East and Africa. Founded in 2022, the Cairo-based fintech offers a closed-loop digital wallet for fleets, enabling payments for fuel, maintenance, petty cash and consumables with spend controls and analytics.
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According to co-founder and CEO Amr Gamal, the platform combines "a proprietary wallet infrastructure with smart acceptance tools" while using NFC-based vehicle identification to eliminate fraud and increase visibility across fueling and maintenance transactions.
Market Problem
The MENA and African fleet management landscape remains "fragmented, opaque, and paper-based," with businesses struggling with manual processes, fraud, and limited data visibility. Octane was designed to modernize on-road payments in emerging markets where existing infrastructure was inadequate.
Growth & Expansion
Currently operating in Egypt with market leadership, Octane is expanding to Saudi Arabia in August 2025, with two additional markets under study for Q2 2026 expansion.