Capiter raises $33 million to support its e-commerce services

Capital Quona, MSA Capital, Savola, Shorooq Partners, The Foundation. Lab, and Derayah Ventures led the first round of funding for Capiter, an e-commerce platform for fast-moving consumer goods. The company said it had raised $33 million.

This is the first time Quona has put money into something like this in Egypt. In the Middle East and North Africa, this is the first time that a fast food chain is investing in an e-commerce platform with Savola.

Capiter is raising more money to support and grow its business-to-business e-commerce digital and financial services. These include digital financial solutions and merchant facilities. The company also wants to grow its business to cover all of Egypt, the Middle East, and North Africa by 2022.

Capiter is an e-commerce platform that was created in July 2020. Its goal is to connect retailers and small to medium-sized businesses directly with providers through an app that offers a full range of services to customers. in so that they can make an order, ask for delivery, and pay electronically.