How Octane Is Rebuilding Egypt's Fleet Economy From the Bottom Up
Enterprise Egypt takes an in-depth look at how Octane's co-founders turned a cash-management problem into Egypt's largest fleet payment network — and what their $5.2M raise means for the country's B2B fintech landscape.
Read the full article on Enterprise Egypt →The Founding Story
Amr Gamal spent years at McKinsey, Procter & Gamble, and Vodafone before co-founding Octane. Ziad El Adawy brought 15+ years of experience at Shell, BG Group, Air Liquide, and Honeywell. Between them, they had seen the fleet management problem from every angle — strategy consulting, operations, and energy — and they agreed that Egypt's commercial fleet sector was bleeding money that technology could save. They founded Octane in September 2022 with that thesis.
The Build
The first version of the product was a digital fuel payment system with NFC-based vehicle identification. Simple in concept, complex in execution: building the acceptance network required partnerships with fuel station operators across Egypt, integration with banking infrastructure, and the development of fraud-detection algorithms tuned to the specific patterns of the Egyptian market. By the end of 2023, Octane had the core infrastructure in place and was signing enterprise clients.
The Expansion of the Platform
Fuel was just the beginning. Octane has since added digital toll gate payments via O-Tolls — becoming the first company in Egypt to digitize both toll payments — maintenance authorization via O-Care, consumables procurement via O-Store, and AI-powered predictive maintenance via MINT. Each product extension was a response to a customer request that the team heard repeatedly: whatever is still running on cash or paper in your fleet, we can fix that.
Egypt's B2B Fintech Moment
Octane's $5.2M raise is part of a broader trend of institutional capital flowing into Egyptian B2B software and fintech. Where the country's first wave of venture-backed startups were largely consumer-facing, the current wave is business-to-business — targeting the operational infrastructure of Egypt's economy rather than its consumer spending. Fleet management is a particularly large and underserved category in that landscape.