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Tech

Egypt loves e-payment methods, 53% will avoid businesses without them: MasterCard

The shift in buying habits is not fresh news as governments encouraged lockdowns and avoiding traditional in-store shopping due to the pandemic

Google launches 2nd round of MENA Startup accelerator

Set to run virtually starting mid-July 2021, selected founders will identify their top challenges and will then be paired with relevant experts from Google

Region’s largest pre-seed goes to Egyptian logistics startup Flextock at $3.25M

The company enables businesses to outsource logistics needs such as first mile, warehousing, last mile, cash collection, and returns

Egyptian grocery startup Appetito raises $450K in seed round

Launched in early 2020, Appetito operates through a dark stores model, where products are sourced from manufacturers, and stored in mini fulfilment centers

Egyptian furniture ecommerce platform Kemitt secures 6 figure seed round

Kemitt’s online multi-vendor marketplace allows customers to access over 15,000 SKUs, with on-demand manufacturing and 7 to 12 day delivery services