{"id":553412,"date":"2021-12-02T03:58:16","date_gmt":"2021-12-02T03:58:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/raseedi-raises-usd-850k-pre-series-a-investment-bexel-closes-usd-six-figure-round\/"},"modified":"2021-12-02T03:58:16","modified_gmt":"2021-12-02T03:58:16","slug":"raseedi-raises-usd-850k-pre-series-a-investment-bexel-closes-usd-six-figure-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/raseedi-raises-usd-850k-pre-series-a-investment-bexel-closes-usd-six-figure-round\/","title":{"rendered":"Raseedi raises USD 850k pre-series A investment + Bexel closes USD six-figure round"},"content":{"rendered":"

<\/a> Fintech startup <\/strong>Raseedi<\/a><\/strong> raised USD 850k in pre-series A funding<\/strong> from Africa-focused Japanese VC firm Samurai Incubate<\/a>, an undisclosed European investor and existing investors including 500 Global, Falak Startups and EFG-EV, Wamda<\/a> reports. The company had previously raised<\/a> USD 400k in seed funding in 2019.<\/p>\n

About Raseedi: <\/strong>The telecom app launched in 2018 to help dual SIM card users optimize their spending by automatically detecting which card will make the cheaper call. The app expanded to providing advance credit and digital bill payment services, offering Egypt\u2019s unbanked with digital access to credit.<\/p>\n

\n

Cairo-based inspection management software <\/strong>Bexel<\/a><\/strong> closed a USD six-figure<\/strong> investment round<\/strong> led by JH Investments, the startup announced (pdf)<\/a>. It also received follow-on funding from Flat6Labs, UI Investments and Saudi Angel Investors.<\/p>\n

About Bexel: <\/strong>Launched back in 2019, the startup provides a SaaS digital cloud-based inspection management software targeted at companies in the energy, oil and gas and construction industries. The platform digitalizes team inspections, enabling companies to more easily track inspections and lowering costs while significantly speeding up the process.<\/p>\n

Looking ahead:<\/strong> The software has been used in 14 countries and the company will use proceeds from the round to expand into Saudi Arabia and other GCC countries.<\/p>\n

\n

ALSO FROM PLANET STARTUP-<\/strong><\/p>\n

Saudi fintech firm eyes Egypt: <\/strong>Riyadh-based fintech startup Lamaa<\/a> plans to expand into Egypt, UAE and Qatar after securing a USD 5.5 mn seed round led by Raed Ventures and Saudi Aramco\u2019s entrepreneurship arm, Wa\u2019ed, according to a company statement<\/a>. Launched earlier this year in March, the startup provides invoice financing solutions for SMEs with the aim to create more efficient working capital management for suppliers and following its funding it will expand into B2B buy-now-pay-later services.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fintech startup Raseedi raised USD 850k in pre-series A funding from Africa-focused Japanese VC firm Samurai Incubate, an undisclosed European investor and existing investors including 500 Global, Falak Startups and EFG-EV, Wamda reports. The company had previously raised USD 400k in seed funding in 2019. About Raseedi: The telecom app launched in 2018 to help […]<\/p>\n","protected":false},"author":1,"featured_media":553413,"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":[72,183,125,3041,730,95,123,639,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-fintech","tag-investment-watch","tag-raseedi","tag-saas","tag-startup-watch","tag-startups","tag-technology","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"086b8564-04c0-4dc1-9dc7-6d8ebe7dfd13","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/210.jpg","photo_position":"above","related_issue":[553401],"teaser":"","voice_url":""},"yoast_head":"\nRaseedi raises USD 850k pre-series A investment + Bexel closes USD six-figure round - 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\/2021\/12\/02\/raseedi-raises-usd-850k-pre-series-a-investment-bexel-closes-usd-six-figure-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raseedi raises USD 850k pre-series A investment + Bexel closes USD six-figure round\" \/>\n<meta property=\"og:description\" content=\"Fintech startup Raseedi raised USD 850k in pre-series A funding from Africa-focused Japanese VC firm Samurai Incubate, an undisclosed European investor and existing investors including 500 Global, Falak Startups and EFG-EV, Wamda reports. 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The Android app helps dual SIM card users save money on cross-network charges\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595470,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/startup-raseedi-looking-to-attract-usd-1-5-mn-investments-next-year\/","url_meta":{"origin":553412,"position":1},"title":"Startup Raseedi looking to attract USD 1.5 mn investments next year","author":"enterpriseam admin","date":"26 September 2019","format":false,"excerpt":"Telecom startup Raseedi aims to attract USD 1.5 mn in investments in 2020 to expand into new markets and reach 1 mn users, co-founder Samuel Samy told the local press. 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PLUS: Apache, Madinet Masr, Bank ABC + Eroglu Garment, Goldman Sachs","author":"enterpriseam admin","date":"16 January 2025","format":false,"excerpt":"Raseedi is negotiating with a VC firm and three banks for EGP 3 bn in financing over three years","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\/2025\/1\/1043.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597767,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/new-world-bank-president-visits-egypt\/","url_meta":{"origin":553412,"position":4},"title":"New World Bank president visits Egypt","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"New World Bank boss is in Egypt; met El Sisi yesterday and heading to Benban today: World Bank President David Malpass discussed infrastructure, labor force development and cooperation on small and medium-sized businesses yesterday in a meeting with President Abdel Fattah El Sisi, according to an Ittihadiya statement. It\u2019s Malpass\u2019\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1499.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558208,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/01\/egyptian-startups-raise-26-of-mena-funding-in-1h2021\/","url_meta":{"origin":553412,"position":5},"title":"Egyptian startups raise 26% of MENA funding in 1H2021","author":"enterpriseam admin","date":"1 August 2021","format":false,"excerpt":"Egyptian startups landed some USD 194 mn in venture capital finance in the first half of this year and accounted for 26% of all transactions inked across MENA in the same time period, ITIDA CEO Amr Mahfouz said last week in a statement (pdf). Mahfouz said in public comments that\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\/2021\/8\/37.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\/553412","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=553412"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553412\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/553401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/553413"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553412"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553412"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}