Fincart lands $2.8 million to accelerate regional expansion

Egypt-based e-commerce operations platform Fincart has raised an oversubscribed $2.8 million Seed round, co-led by Launch Africa and Antler MENAP, with participation from Yango Ventures, Five35 Ventures, Bluestream Capital, Hi2 Global, Kalahari Venture Labs, and other regional investors. The fresh capital will be used to further develop Fincart's AI platform, expand its team, strengthen strategic partnerships, and accelerate its expansion across the MENA and African markets.

Fincart currently serves over 450 merchants and has facilitated nearly EGP 1 billion in gross merchandise value.

Brief written by urgent.news from Wamda's own syndicated text. Machine-written — may contain errors; check the original before relying on it.