{"id":613656,"date":"2024-01-18T00:00:00","date_gmt":"2024-01-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/18\/egyptian-uk-fintech-player-zeal-raises-usd-4-mn-to-scale-up\/"},"modified":"2024-01-18T00:00:00","modified_gmt":"2024-01-18T00:00:00","slug":"egyptian-uk-fintech-player-zeal-raises-usd-4-mn-to-scale-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/18\/egyptian-uk-fintech-player-zeal-raises-usd-4-mn-to-scale-up\/","title":{"rendered":"Egyptian-UK fintech player Zeal raises USD 4 mn to scale up"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fresh funds for Zeal: <\/strong>Egyptian-UK fintech player <a target=\"_blank\" href=\"https:\/\/www.zealpay.app\/\" style=\"\" rel=\"noopener\">Zeal<\/a> has raised some USD 4 mn in afunding round led by MENA-focused <a target=\"_blank\" href=\"https:\/\/raed.vc\/\" style=\"\" rel=\"noopener\">Raed Ventures<\/a> and London-based <a target=\"_blank\" href=\"https:\/\/cur8.capital\/\" style=\"\" rel=\"noopener\">Cur8 Capital<\/a>, as well as a number of strategic angel investors, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1422.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1422.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zeal? <\/strong>Founded in 2019 by Omar Ebeid (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ebeidomar?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Bellal Mohamed (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/bellal-mohamed\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) in London, the startup \u2014 headquartered in London with its operations office set up in Egypt \u2014 offers brands a variety of tech solutions for payments and AI-generated insights on consumer behavior. Its flagship product, the SmartPOS Plugin, allows credit card machines \u201cto identify, segment, and retarget in-store customers, transforming the way physical retailers engage with and retain their clientele.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We spoke to Ebeid about all things Zeal <\/strong>back in 2022 for our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/577fe05d-2e81-46b4-8317-8a26b90704b4\" style=\"\" rel=\"noopener\">founder of the week column<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where is the money going? <\/strong>The funds will help Zeal utilize AI, expand its portfolio, and help itfacilitate the process of integrating with point of sale terminals. The team also has plans \u201cto build advanced data and analytics solutions for fast-moving consumer goods companies (FMCGs) and telecom sectors,\u201d the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expansion is also on the cards: <\/strong>Zeal wants to expand its reach across Europe, the MiddleEast, and Africa, with an eye on Cyprus, Greece, Saudi Arabia, and the UAE, specifically, Zeal\u2019s head of marketing Mohamed Fawzi told Enterprise. The funds raised will help it carry out those plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The startup is looking to step foot in Cyprus, Greece, Saudi Arabia, and the UAE<\/p>\n","protected":false},"author":1,"featured_media":613657,"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":[72,183,338,95,2323],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-fintech","tag-retail","tag-startup-watch","tag-zealpay","wpautop","entry"],"acf":{"mongo_id":"e7248c86-bcfd-494c-b4dd-38693e70da51","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1441.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian-UK fintech player Zeal secures USD 4 mn to fund expansion","related_issue":[613644],"teaser":"The startup is looking to step foot in Cyprus, Greece, Saudi Arabia, and the UAE","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.fee447b8-ce23-45e0-82a6-3a0b3cb2d324.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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MoneyFellows plans to use the funds to finance its expansion in Africa, as well as the roll-out of a \u201cslew of new products in\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":557384,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/16\/fintech-startup-dopay-raises-usd-18-mn-in-series-a-round\/","url_meta":{"origin":613656,"position":2},"title":"Fintech startup Dopay raises USD 18 mn in series A round","author":"enterpriseam admin","date":"16 September 2021","format":false,"excerpt":"Egypt-based fintech startup Dopay has secured USD 18 mn in funding in a series A round led by UK VC firm Force Over Mass Capital, Dutch development bank FMO and NN Group, the company said in a statement yesterday. African investor Mbuyu Capital and Nordic fund Alder Tree Investments also\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\/9\/226.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":613656,"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":662928,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/","url_meta":{"origin":613656,"position":4},"title":"Egyptian-led fintech Enza raises USD 6.8 mn in first external funding round","author":"enterpriseam admin","date":"25 March 2025","format":false,"excerpt":"The fresh funds will be used to expand the fintech\u2019s presence across key African markets","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\/2025\/3\/1973.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623792,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/11\/fintech-player-sahl-closes-usd-6-mn-in-funding-round-led-by-the-states-ayady-investments\/","url_meta":{"origin":613656,"position":5},"title":"Fintech player Sahl closes USD 6 mn in funding round led by the state\u2019s Ayady Investments","author":"enterpriseam admin","date":"11 June 2024","format":false,"excerpt":"The company allows users to pay their utility bills through a mobile app","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\/6\/949.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\/613656","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=613656"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613656\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/613644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/613657"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=613656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=613656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=613656"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=613656"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=613656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}