Fincart.io Closes Pre-Seed Funding

Fincart.io, a Cairo, Egypt-based provider of a platform that helps e-commerce SMBs improve shipping and unlock working capital, closed its pre-seed funding round for an undisclosed amount.

The round was led by Plus VC, with participation from Plug and Play, Orbit Startups, Jedar Capital, and other investors.

The company intends to use the funds to help improve its technology platform, grow its courier network, and support the e-commerce market in Africa and the Middle East.

Led by CEO Mostafa Elmasry and COO Nihal Ali, Fincart.io provides an e-commerce logistics platform dedicated to streamlining shipping for small and medium-sized online sellers in Africa and the Middle East. By integrating a network of courier partners into one platform, it develops shipping solutions to support the region’s rapidly growing e-commerce sector.

FinSMEs

27/01/2025