{"id":547311,"date":"2022-06-16T03:58:38","date_gmt":"2022-06-16T03:58:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/16\/khazenly-gets-the-bag-along-with-regtech-startup-valify\/"},"modified":"2022-06-16T03:58:38","modified_gmt":"2022-06-16T03:58:38","slug":"khazenly-gets-the-bag-along-with-regtech-startup-valify","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/16\/khazenly-gets-the-bag-along-with-regtech-startup-valify\/","title":{"rendered":"Khazenly gets the bag along with regtech startup Valify"},"content":{"rendered":"

<\/a> B2B logistics firm <\/strong>Khazenly<\/a><\/strong> has closed a USD 2.5 mn seed round <\/strong>led by Arzan<\/a>Venture Capital<\/a> and Shorooq Partners<\/a> with participation from Camel Ventures<\/a>, Averroes Ventures<\/a>, and a number angel investors, the company said in a release<\/a>(pdf)<\/a>.<\/p>\n

About Khazenly: <\/strong>Founded last year by Mohamed Younes (LinkedIn<\/a>), Osama Aljammali (LinkedIn<\/a>), Mohamed Montasser (LinkedIn<\/a>), and Ahmed Dewidar (LinkedIn<\/a>), the company provides fulfillment and logistics solutions for e-commerce businesses and aims to provide merchants with a one-stop-shop to help them digitize their businesses, from first mile, storage, last mile and cash-on-delivery. \u201cWe see a pretty big gap in the market in terms of omnichannel fulfillment, whether it\u2019s pure e-commerce, whether it's B2C or B2B,\u201d CEO Younes tells Enterprise. For those wondering what omnichannel fulfillment is: It\u2019s when customers get their products delivered or have stores to do their shopping. Khazenly offers its services via monthly subscription.<\/p>\n

Khazenly will use the funding to grow its physical footprint<\/strong> with an eye to quadruple the company\u2019s facilities, build more data-driven products, and expand its geographic reach. \u201cWe have a strong pipeline of contracts that require us to expand our space,\u201d Younes said. \u201cWe are on the cusp of tremendous client growth in Egypt due to our constantly innovative solutions \u2026 We are very proud of our achievements to date, and are thrilled about the immediate future.\u201d<\/p>\n

IN OTHER STARTUP NEWS- <\/strong><\/p>\n

Regtech startup <\/strong>Valify Solutions<\/a><\/strong> has closed a USD 1 mn seed round <\/strong>led by 4DX<\/a>Ventures<\/a> and Alsara Investment Group<\/a>, Valify founders Omar Abdelwahed (LinkedIn<\/a>) and Ibrahim Eid (LinkedIn<\/a>) told Enterprise. A15<\/a>, Tawasol Holding<\/a> and angel investors also participated in the round. They too plan to use the funding to explore a regional expansion, Abdelwahed said.<\/p>\n

A \u201cdigital identity gateway\u201d:<\/strong> The startup specializes in digital identity infrastructure technology. The B2B2C company uses online ID verification technologies to offer its users a number of services, including digital user onboarding, identity verification, biometric authentication, document authentication, branch automation and AML (anti-money laundering) compliance. The startup helps its clients in the banking, telecom, e-commerce sectors digitize their onboarding process, Abdelwahed told us. The startup\u2019s clientele includes Thndr<\/a>, Aman<\/a>, Agel<\/a> and Al Ahli Bank of Kuwait.<\/p>\n

Looking ahead: <\/strong>\u201cWe are preparing for the floodgates to open, seeing as regulations are moving in the direction where identity verification online will be possible,\u201d Abdelwahed told us, mentioning the Financial Regulatory Authority\u2019s new fintech law and the Central Bank of Egypt\u2019s KYC regulations<\/a> framework which is expected to be in force by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

B2B logistics firm Khazenly has closed a USD 2.5 mn seed round led by ArzanVenture Capital and Shorooq Partners with participation from Camel Ventures, Averroes Ventures, and a number angel investors, the company said in a release(pdf). About Khazenly: Founded last year by Mohamed Younes (LinkedIn), Osama Aljammali (LinkedIn), Mohamed Montasser (LinkedIn), and Ahmed Dewidar […]<\/p>\n","protected":false},"author":1,"featured_media":547312,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,2054,145,2056,95,123,2055],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-khazenly","tag-logistics","tag-regtech","tag-startup-watch","tag-startups","tag-valify-solutions","wpautop","entry"],"acf":{"mongo_id":"85802b86-df08-4651-90c2-e4872850eeb9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/Khazenly-co-founders-1600.jpg","photo_position":"above","related_issue":[547300],"teaser":"","voice_url":""},"yoast_head":"\nKhazenly gets the bag along with regtech startup Valify - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/16\/khazenly-gets-the-bag-along-with-regtech-startup-valify\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Khazenly gets the bag along with regtech startup Valify\" \/>\n<meta property=\"og:description\" content=\"B2B logistics firm Khazenly has closed a USD 2.5 mn seed round led by ArzanVenture Capital and Shorooq Partners with participation from Camel Ventures, Averroes Ventures, and a number angel investors, the company said in a release(pdf). 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Speaking to us this week is Omar Abdelwahed (LinkedIn), co-founder and\u2026","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/702.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548077,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/fra-wants-to-more-than-double-non-bank-lending-by-2026\/","url_meta":{"origin":547311,"position":2},"title":"FRA wants to more than double non-bank lending by 2026","author":"enterpriseam admin","date":"25 July 2022","format":false,"excerpt":"FRA wants to see serious growth in the non-bank sector: The Financial Regulatory Authority (FRA) wants to see NBFS lending more than double to EGP 820 bn by 2026, up from EGP 370 bn last year, the regulator said in a statement yesterday. 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Participants in the round included Endure Capital, Seedstars, Camel Ventures, the International Cooperation Ministry\u2019s Falak Startups, Outlierz, Plus Ventures, Fort, Alex Angels, and other unnamed angel investors. Suplyd will use\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586023,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/03\/al-kharafi-samcrete-awarded-eur-60-mn-in-contracts-for-new-water-infrastructure-in-fayoum-plus-cheaper-wheat-better-mobile-networks-o-west-deliveries\/","url_meta":{"origin":547311,"position":5},"title":"Al Kharafi + Samcrete awarded EUR 60 mn in contracts for new water infrastructure in Fayoum. PLUS: Cheaper wheat, better mobile networks, O West deliveries","author":"enterpriseam admin","date":"3 May 2023","format":false,"excerpt":"The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547311"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547311\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547312"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547311"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547311"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}