{"id":562795,"date":"2021-06-07T04:00:14","date_gmt":"2021-06-07T04:00:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/"},"modified":"2021-06-07T04:00:14","modified_gmt":"2021-06-07T04:00:14","slug":"e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/","title":{"rendered":"E-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds"},"content":{"rendered":"

<\/a> Egyptian e<\/strong>-commerce platform <\/strong>Tejarra.com<\/a><\/strong> has raised a six-figure USD seed <\/strong>investment from venture capital <\/strong>firm Openner, <\/strong>according to a press release (pdf)<\/a>. Openner will provide technical support, expertise, and other resources to help \u201cthe platform\u2019s marketing and sales operations as well as its market success and positioning\u201d through a so-called \u201cventure building\u201d model.<\/p>\n

About the company:<\/strong> Launched in January by CEO Islam Erfan (LinkedIn<\/a>), Tejarra is a consumer electronics marketplace that has attracted more than 50 vendors to its platform offering more than 18k products. The startup wants to grow sales to EGP 100 mn by the end of the year and will focus on both B2C and B2B transactions.<\/p>\n

Openner is getting more involved in the Egyptian tech scene<\/strong>, announcing in October<\/a> that it would invest USD 5 mn into as many as 50 Egyptian tech startups over the next two years. The Washington-based, Middle East and Africa-focused VC outfit bills itself as a \u201cventure builder\u201d as it both invests in and works closely to help startup founders implement ideas on the ground.<\/p>\n

Check out this afternoon\u2019s edition of Enterprise PM for our exclusive sit-down with Openner\u2019s Egypt managing director, Ahmed ElSherif<\/strong>, who spoke to us about Openner\u2019s approach, what it has in store, and how the \u201cventure building\u201d model might just be what venture capital in Egypt needs.<\/p>\n

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

Fintech startup <\/strong>MoneyHash<\/a><\/strong> has closed a six-figure USD pre-seed round<\/strong> led by COTU<\/a><\/a>Ventures<\/a>, with participation from the Ventures Platform<\/a>, Kepple Africa Ventures<\/a>, and angel investors, the company announced in a statement<\/a>.<\/p>\n

About MoneyHash:<\/strong> Founded by Egyptians Nader Abdelrazik and Mustafa Eid as well as American Anisha Sekar last year, the US-based company is developing a unified platform that allows companies to offer customers payment and fintech services at checkout as well as to collect data and track analytics through a single dashboard. The company plans to launch in Egypt, Saudi Arabia and the UAE and be up and running \u201cin various countries\u201d in the Middle East and Africa by 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian e-commerce platform Tejarra.com has raised a six-figure USD seed investment from venture capital firm Openner, according to a press release (pdf). Openner will provide technical support, expertise, and other resources to help \u201cthe platform\u2019s marketing and sales operations as well as its market success and positioning\u201d through a so-called \u201cventure building\u201d model. About the […]<\/p>\n","protected":false},"author":1,"featured_media":562796,"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":[199,72,183,822,95,2173,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-e-commerce","tag-enterpriseam","tag-fintech","tag-openner","tag-startup-watch","tag-venture-building","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"a3e46fb5-4b89-4c54-a522-05bdf71f073a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/92.jpeg","photo_position":"above","related_issue":[562783],"teaser":"","voice_url":""},"yoast_head":"\nE-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds - 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\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds\" \/>\n<meta property=\"og:description\" content=\"Egyptian e-commerce platform Tejarra.com has raised a six-figure USD seed investment from venture capital firm Openner, according to a press release (pdf). 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Openner will be looking to purchase stakes of 8-10% in up to 50 companies, with an eye to unlock their growth potential\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":566173,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/zvendo-closes-seven-figure-pre-series-a\/","url_meta":{"origin":562795,"position":3},"title":"zVendo closes seven-figure pre-series \u201cA\u201d","author":"enterpriseam admin","date":"1 June 2021","format":false,"excerpt":"Egyptian e-commerce platform zVendo has raised a seven-figure USD pre-series \u201cA\u201d round with participation from local manufacturer Mobica as well as Gratus Holding, a vehicle owned in part by Bishoy Azmy, the CEO of Dubai-based ASGC Construction. The e-commerce SaaS solutions provider bills itself as a platform that lets \u201cretailers\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-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":566783,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/elmenus-closes-usd-10-mn-pre-series-c\/","url_meta":{"origin":562795,"position":4},"title":"Elmenus closes USD 10 mn pre-series C","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"Our friends at homegrown food ordering platform Elmenus closed a USD 10 mn pre-series C funding round led by Fawry, Marakez, and Luxor Capital (in the latter\u2019s first-ever investment in MENA), according to Magnitt. Fawry\u2019s investment comes as it targets the country\u2019s large, fragmented restaurant industry. Elmenus will use the\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/409.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549670,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/ingame-sports-gets-cash-in-kind-support-in-pre-seed-round\/","url_meta":{"origin":562795,"position":5},"title":"InGame Sports gets cash + in-kind support in pre-seed round","author":"enterpriseam admin","date":"26 September 2022","format":false,"excerpt":"Egyptian gaming startup InGame Sports has raised an undisclosed pre-seed round led by international VC Openner. The company said it had received the equivalent of USD 1 mn in \u201ccash, in-kind resources and grants,\u201d but declined to disclose how much money it had raised when asked by Enterprise yesterday. Multinational\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562795","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=562795"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562795\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/562796"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562795"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562795"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}