Egypt-based e-commerce platform zVendo has raised a six-figure Seed funding round from EFG EV Fintech and unidentified angel investors, paving the way for it to become the country’s first local e-commerce centre. “Being a part of many startup programmes like the Microsoft Startup programme has helped us achieve our goal of increasing merchants’ businesses online,” says Tarek Bakry, founder and CEO.
Sameh Abdel Fattah, the company’s founder and CTO, and Tarek Bakry, the company’s co-founder and CEO, want to provide retailers with “a network that provides merchants and their customers with a localised experience that does not require any technological expertise.” zVendo, they said, introduces comprehensive sales and consumer data, as well as marketing and e-commerce tools and integrations with various ERP and related systems, all from a single holistic dashboard view.
“The main reason why EFG EV Fintech is thrilled to be part of zVendo’s journey is the opportunity to enable more SMEs in the region digitize their commerce activities in both affordable and effective ways. We believe that this partnership will act as a catalyst providing SMEs with a platform for growth in parallel with the government’s economic development and digitization endeavors,” said Mahmoud El-Zohairy, CEO,EFG EV.
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A Look At What zVendo Does
zVendo originated from Egyptian developers for the Middle East and the Arab world, and was created in 2018 by the primary founders of leading e-commerce solutions company Business Boomers. It’s an e-commerce software-as-a-service platform that allows companies to start selling online in a matter of minutes using a variety of specialised distribution platforms. Product feeds for social media sites, marketplaces, and product aggregators, as well as product feeds for social media platforms, marketplaces, and product aggregators, ensure that no channel is missed.
Multiple subscription-based packages are available for the Omni-channel enabler to support companies of all sizes. They have more than 20 ready-made payment and shipping integrations, ranging from freemium to full-fledged features. The Arabic language is included as a standard feature in all online store packages.
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In 2020, zVendo was able to extend its support to all forms of businesses with additional features specifically tailored for each market due to a recent change and rapid growth in the e-commerce industry. zVendo has also begun to expand regionally in the UAE and Saudi Arabia, with other GCC countries to follow, with the goal of bolstering e-commerce development across the region.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer
zVendo funding