zVendo - Afrikan Heroes

Egyptian Ecommerce Startup zVendo Raises Pre-Series A Funding Round

June 1, 2021

zVendo, an Egyptian eCommerce SaaS solution provider, has successfully secured a Pre-Series A funding round from Mobica and Gratus Holding.

“We would like to welcome Mobica and Gratus to join our shareholders. We are confident that they will add value to zVendo and support the growth locally and regionally. The investment from Mobica and Gratus will be used to in two tracks, the first adding more capabilities to our platform including integration points for shipping and payments and the second track being our regional expansion in the GCC area,” Tarek Bakry, CEO and Co-Founder of zVendo said.

The startup plans to utilize the cash from the latest financing round to promote regional expansion and platform improvements.

*Tarek Bakry, CEO and Co-Founder of zVendo*

Why The Investors Invested

It seems that zVendo’s business model greatly assisted it to secure the funding. According to Bishoy Azmy, Founder of Gratus Holding and CEO of ACGC, Gratus Holding sees zVendo as the Shopify of the Middle East, having great potential in the region.

“We only invest in businesses with leading technology and a promising future, and zVendo has both,” he said.

For Mohamed Farouk, CEO at Mobica group, technology and team are the most important driving forces for the investment in zVendo.

“zVendo is the future of E-commerce,” he said. “We are confident that the zVendo leadership team has the will, passion and know how to make zVendo the platform of choice to all merchants in our region.”

According to Freddy Maurice, Head of Investments at Mobica, “expectations on zVendo are so upbeat, having the formula of success combining smart management, cutting edge technology and operating in the booming E-commerce industry.”

A Look At What The Startup Does

In 2018, Egyptian entrepreneurs founded zVendo to meet the booming E-commerce industry in Egypt, the Middle East, and Africa. zVendo was created with the goal of allowing businesses to begin their online sales journey through several localized channels in the blink of an eye, without requiring any technological expertise.

“We have been working on building a strong E-commerce platform that can cater to different industries and business sizes. With the new partnership with Mobica and Gratus, we aim to become the most advanced E-commerce platform provider in the region by end of 2021,” zVendo Founder and CTO, Sameh Abdel-Fattah said.

zVendo ecommerce zVendo ecommerce

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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

Egyptian Ecommerce Platform zVendo Secures Six-figure Seed Funding

March 17, 2021

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.

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.

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

zVendo funding