{"id":659486,"date":"2025-01-28T00:00:00","date_gmt":"2025-01-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/28\/fincart-raises-undisclosed-sum-in-pre-seed-round\/"},"modified":"2025-01-28T00:00:00","modified_gmt":"2025-01-28T00:00:00","slug":"fincart-raises-undisclosed-sum-in-pre-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/28\/fincart-raises-undisclosed-sum-in-pre-seed-round\/","title":{"rendered":"Fincart raises undisclosed sum in pre-seed round"},"content":{"rendered":"

Fincart closes pre-seed round: <\/strong>Local e-commerce shipping services provider Fincart<\/a> raised an undisclosed amount in a pre-seed funding round, according to a statement (pdf)<\/a>. The round was led by Plus VC and with participation from Plug and Play, Orbit Startups<\/a>, Jedar Capital<\/a>, and other regional investors. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Where the funds are going: <\/strong>The fresh funds will help the startup improve its technology platform, and expand its courier network to \u201csupport the fast-growing e-commerce market in Africa and the Middle East.\u201d <\/p>\n

Regional expansion ahead? <\/strong>Fincart late last year unveiled plans<\/a> to expand into Gulf markets and enter North and West Africa by 2025. \u201cWe are always exploring opportunities to grow and expand our impact across regions with vibrant e-commerce ecosystems,\u201d co-founder Mostafa Masry (LinkedIn<\/a>) told EnterpriseAM. \u201cNorth and West Africa are incredibly dynamic markets with significant potential, and we are committed to supporting SMBs wherever we see opportunities to create value,\u201d Masry added. <\/p>\n

About Fincart:<\/strong> Co-founded in 2023 by Nihal Ali (LinkedIn<\/a>) and Masry, Fincart helps connect small businesses with local and international shipping companies, helping them scale up operations. The platform provides multi-courier shipping options, last-mile delivery services, and access to working capital.<\/p>\n

What they said: <\/strong>\u201cOur strategy is to empower small and medium online sellers to scale through a seamless platform,\u201d Masry said. \u201cOur platform enhances SMBs' delivery performance with a courier recommendation engine, consolidated payments, and exclusive shipping rates. Merchants benefit from improved efficiency, full coverage, and tools to drive growth and scale seamlessly,\u201d Ali said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fresh funds will help the startup improve its technology platform<\/p>\n","protected":false},"author":1,"featured_media":659487,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[72,8384,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-659486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-fincart","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"da8864cb-c592-4759-8348-3d8173436074","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1023.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian startup Fincart raises undisclosed sum in pre-seed round","related_issue":[659473],"teaser":"The fresh funds will help the startup improve its technology platform","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.3249e596-f2b7-4b90-964f-cc03c0f33b7c.mp3"},"yoast_head":"\nFincart raises undisclosed sum in pre-seed round - 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Source Beauty is looking to use the\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":615471,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/19\/ekh-wants-in-on-the-states-privatization-program-plus-sawari-ventures-usd-150-mn-fund-evolve-gold-investment-fund-fincart-ksa-hq-tamar-ups-production-marakez-loan\/","url_meta":{"origin":659486,"position":1},"title":"EKH wants in on the state\u2019s privatization program. PLUS: Sawari Ventures USD 150 mn fund, Evolve gold investment fund, Fincart KSA HQ, Tamar ups production, Marakez loan","author":"enterpriseam admin","date":"19 February 2024","format":false,"excerpt":"EKH also wants to set up electricity distribution stations under build-own-transfer agreements with the government","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\/12\/1176.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570987,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/26\/food-delivery-startup-mumm-raises-undisclosed-pre-series-a-funding-from-alex-angels\/","url_meta":{"origin":659486,"position":2},"title":"Food delivery startup Mumm raises undisclosed pre-series A funding from Alex Angels","author":"enterpriseam admin","date":"26 April 2020","format":false,"excerpt":"STARTUP WATCH- Food delivery startup Mumm raises undisclosed pre-series A funding from Alex Angels: Egyptian online food platform Mumm has raised undisclosed funding from Alex Angels as part of an ongoing pre-series A round, Menabytes reports. The startup was founded in 2015 and delivers homemade food to customers. It has\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":543394,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/splendapp-raises-six-figure-pre-seed-round-from-saudi-angel-investors\/","url_meta":{"origin":659486,"position":3},"title":"Splendapp raises six-figure pre-seed round from Saudi angel investors","author":"enterpriseam admin","date":"31 January 2022","format":false,"excerpt":"Egypt-based app-maker Splendapp has raised an undisclosed six-figure pre-seed round from a group of Saudi angel investors, Magnitt reported last week citing a company statement. The company will use the funding to expand into the GCC within the next six months, and invest in its product and team.About Splendapp: Founded\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":654610,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/05\/kouchouk-lays-out-plan-for-ensuring-economic-stability-plus-news-from-fincart-ci-capital-sport-ministry\/","url_meta":{"origin":659486,"position":4},"title":"Kouchouk lays out plan for ensuring economic stability. PLUS: News from Fincart, CI Capital, Sport Ministry","author":"enterpriseam admin","date":"5 November 2024","format":false,"excerpt":"PLUS- Egypt\u2019s debt-to-GDP ratio dropped to 89.6% in June 2024","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\/2024\/11\/304.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573521,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/elgameya-raises-six-figure-pre-seed-investment\/","url_meta":{"origin":659486,"position":5},"title":"ElGameya raises six-figure pre-seed investment","author":"enterpriseam admin","date":"9 August 2020","format":false,"excerpt":"STARTUP WATCH- Egyptian fintech startup ElGameya has raised an undisclosed six-figure investment in a pre-seed round led by AUC Angels, reports Menabytes. 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