HomeEgyptZeal Raises $4M in Funding

Zeal Raises $4M in Funding

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zeal

Zeal, a Cairo, Egypt-based provider of a POS terminals value added service solution, raised $4M in funding.

The round was led by Raed Ventures and Cur8 Capital, with participation from strategic angel investors.

The company intends to use the funds to expand its technology solutions across the EMEA region, following its recent expansion into the UK market, enhance the existing payment acquirers portfolio and integrate with POS terminals globally, and build advanced data & analytics solutions for FMCGs and Telecom sectors.

Led by Founder and CEO Omar Ebeid, Zeal provides the SmartPOS Plugin, which enables credit card machines to identify, segment, and retarget in-store customers, transforming the way physical retailers engage with and retain their clientele. The fintech startup has already made progresses in the payments industry by partnering with leading entities like Ingenico and Network International, and earning awards
such as the Visa Everywhere Initiative.

FinSMEs

16/01/2024

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