Kuwaiti coffee delivery app Cofe is planning to expand into Egypt and Turkey after raising USD 10 mn in a series B funding round, according to Zawya. Cofe landed the investment from Kuwaiti Sharia'a compliant investment house Al Imtiaz Investment Group. The timeline for the expansion into the Egyptian market was not specified. The business plans to use the funding to hire and build specialized teams as well as launch new products for its partner vendors and baristas. The Cofe app offers coffee shop delivery services while also including a marketplace for various coffee merchandise including beans and machines.
More from Enterprise
Our friends at EFG Hermes and Beltone pick up fresh accolades, along with CIB
EFG Hermes retained the top corporate access spot on Extel’s…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Inside the retail wave reshaping EGX
Individuals are setting EGX prices day to day, trading on…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…