Capiter, the FMCG e-commerce platform, announced that it has raised $ 33 million in a first round of funding led by a range of companies and investors including Capital Quona, MSA Capital, Savola, Shorooq Partners and The Foundation. Lab and Derayah Ventures.
This is the first investment of its kind for Quona in Egypt Is the first time in Middle East and North Africa in which a fast food company is investing in an e-commerce platform through the participation of Savola.
This round funding is part of Capiter’s efforts to support and expand its business-to-business e-commerce digital and financial services, which include digital financial solutions and merchant facilities, as well as expanding the company’s business to cover all parts of Egypt, the Middle East and North Africa by 2022.
Capiter was born in July 2020, and is an e-commerce platform that aims to connect merchants and small and medium-sized enterprises directly with suppliers through an application, which provides a complete service to customers. in so that they can place a purchase order and request a delivery service as well as provide an electronic payment mechanism.
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