{"id":553872,"date":"2021-12-12T04:00:59","date_gmt":"2021-12-12T04:00:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/"},"modified":"2021-12-12T04:00:59","modified_gmt":"2021-12-12T04:00:59","slug":"sympl-raises-usd-6-mn-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/","title":{"rendered":"Sympl raises USD 6 mn seed round"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong><a href=\"https:\/\/sympl.ai\/\">Sympl<\/a><\/strong> <strong>raises USD 6 mn from Beco, A15, GV: <\/strong>Buy-now-pay-later platform Sympl has raised a USD 6 mn seed round led by VC outfit <a href=\"https:\/\/becocapital.com\/\">Beco Capital<\/a>, with participation from <a href=\"http:\/\/a15.com\/en-us\/\">A15<\/a> and <a href=\"https:\/\/www.global.vc\/\">Global Ventures<\/a>, according to a <a href=\"https:\/\/ent.news\/2021\/12\/Sympl-Fundraise-Press-Release-9-December-2021.pdf\">statement (pdf)<\/a>. The startup, which made its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43af0d20-c67a-43db-9f1c-e40cf5953df6\">soft launch<\/a> in October, will use the proceeds to add new merchants and products to its network.<\/p>\n<p><strong>Simply what does Sympl do? <\/strong>The platform allows debit card holders to buy products and services through its deferred, short-term, no-interest payment plans, helping merchants increase conversion rates.<\/p>\n<p><strong>The startup plans to be accepted at more than 1k stores by mid-2022<\/strong>, up from a current 240 retail and online stores, including Apple reseller Tradeline, hypermarket HyperOne, and jewelry-maker Damas, according to the statement.<\/p>\n<p><strong>IN OTHER STARTUP NEWS-<\/strong><\/p>\n<p><strong>Patients of EGX-listed Integrated Diagnostics Holdings\u2019 Al Mokhtabar can now access<\/strong><strong> around-the-clock virtual medical advice from medical consultation startup <\/strong><strong><a href=\"https:\/\/estshara.com\/en\">Estshara<\/a><\/strong>, according to a <a href=\"https:\/\/ent.news\/2021\/12\/Estshara-PRL-Dec2021.pdf\">statement (pdf)<\/a>. Al Mokhtabar is integrating its services with Estshara under the agreement, said Al Mokhtabar\u2019s operations manager, Manal Abdel Aziz. Patients of the medical diagnostics service will be able to upload their scans and test results on the Estshara and Al Mokhtabar platforms to connect with physicians, the statement read. Estshara <a href=\"https:\/\/disrupt-africa.com\/2021\/07\/22\/egyptian-e-health-startup-estshara-raises-500k-seed-funding-round\/\">raised USD 500k<\/a> from Egypt Ventures earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sympl raises USD 6 mn from Beco, A15, GV: Buy-now-pay-later platform Sympl has raised a USD 6 mn seed round led by VC outfit Beco Capital, with participation from A15 and Global Ventures, according to a statement (pdf). The startup, which made its soft launch in October, will use the proceeds to add new merchants [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":553873,"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":[1066,887,72,700,1550,1406,95,123,516],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-a15","tag-beco-capital","tag-enterpriseam","tag-global-ventures","tag-healthtech","tag-integrated-diagnostics-holding","tag-startup-watch","tag-startups","tag-sympl","wpautop","entry"],"acf":{"mongo_id":"4febc9f8-634f-4fd9-aa64-2fcaefaebeb2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/296.jpg","photo_position":"above","related_issue":[553855],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sympl raises USD 6 mn seed 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\/12\/sympl-raises-usd-6-mn-seed-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sympl raises USD 6 mn seed round\" \/>\n<meta property=\"og:description\" content=\"Sympl raises USD 6 mn from Beco, A15, GV: Buy-now-pay-later platform Sympl has raised a USD 6 mn seed round led by VC outfit Beco Capital, with participation from A15 and Global Ventures, according to a statement (pdf). The startup, which made its soft launch in October, will use the proceeds to add new merchants [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-12T04:00:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/296.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sympl raises USD 6 mn seed round\",\"datePublished\":\"2021-12-12T04:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/\"},\"wordCount\":215,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/296.jpg?fit=%2C&ssl=1\",\"keywords\":[\"A15\",\"Beco Capital\",\"EnterpriseAM\",\"Global Ventures\",\"healthtech\",\"Integrated Diagnostics Holding\",\"Startup watch\",\"startups\",\"Sympl\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/sympl-raises-usd-6-mn-seed-round\/\",\"name\":\"Sympl raises USD 6 mn seed round - 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The investment will mainly be used to enhance its tech infrastructure and build its team. The round will help scale operations, further build the technology, grow the team and incorporate AI and machine\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550880,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/meet-our-founder-of-the-week-sympls-mohamed-el-shabrawy-el-feky\/","url_meta":{"origin":553872,"position":1},"title":"Meet our founder of the week: Sympl\u2019s Mohamed El Shabrawy El Feky","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK- Mohamed El Shabrawy El Feky, co-founder and CEO of Sympl (LinkedIn).My name is Mohamed El Shabrawy El Feky, and I\u2019m the CEO and co-founder of Sympl. I studied architecture and urban design as an undergrad at Cairo University. Upon graduation, I explored different sectors including\u2026","rel":"","context":"In &quot;Founder of the Week&quot;","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\/5\/451.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563804,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/e-commerce-startup-taager-receives-usd-6-4-mn-seed-funding\/","url_meta":{"origin":553872,"position":2},"title":"E-commerce startup Taager receives USD 6.4 mn seed funding","author":"enterpriseam admin","date":"25 July 2021","format":false,"excerpt":"Egyptian e-commerce startup Taager has secured USD 6.4 mn in a seed funding round, according to TechCrunch. The round was led by Africa-focused VC firm 4DX Ventures and also included participation from Raed Ventures, Beco Capital, Breyer Capital and private investors, including Careem co-founder Magnus Olsson.Taager has now raised more\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/7\/228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591476,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/egyptian-led-fintech-startup-tribal-credit-raises-usd-5-5-mn-seed-round\/","url_meta":{"origin":553872,"position":3},"title":"Egyptian-led fintech startup Tribal Credit raises USD 5.5 mn seed round","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"STARTUP WATCH- Tribal Credit raises USD 5.5 mn seed round: Tribal Credit, a Silicon Valley-based fintech startup co-founded by Egyptian entrepreneurs Amr Shady and Mohamed Elkasstawi, has raised USD 5.5 mn in a seed funding round led by BECO Capital and Global Ventures, according to an emailed statement (pdf). The\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":595455,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/egyptian-e-commerce-startup-maxab-raises-usd-6-2-mn-in-seed-investment\/","url_meta":{"origin":553872,"position":4},"title":"Egyptian e-commerce startup MaxAB raises USD 6.2 mn in seed investment","author":"enterpriseam admin","date":"26 September 2019","format":false,"excerpt":"STARTUP WATCH- Cairo-based e-commerce startup MaxAB has raised USD 6.2 mn in one of the MENA region\u2019s largest-ever seed rounds, it said ina statement (pdf). The round was co-led by Beco Capital, 4DX Ventures, and Endure Capital, while 500 Startups, Outlierz Ventures, and other local investors participated. The company expects\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/2576.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643545,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/","url_meta":{"origin":553872,"position":5},"title":"FlapKap raises USD 34 mn in pre-series A round","author":"enterpriseam admin","date":"10 September 2024","format":false,"excerpt":"The round was led by Dubai\u2019s BECO Capital","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/679.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\/553872","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=553872"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553872\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/553855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/553873"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553872"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553872"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}