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Today: May 27, 2024
January 23, 2024
1 min read

Zeal-powered Egyptian Fintech Secures $4M in Funding from Raed Ventures and Cur8 Capital

Egyptian fintech company, Zeal, has raised $4 million in funding in a round led by Raed Ventures and Cur8 Capital, with participation from strategic angel investors. The funds will be used to expand Zeal’s technology solutions across the EMEA region, following its recent entry into the UK market. Central to Zeal’s product offering is the SmartPOS Plugin, which transforms credit card machines by enabling them to identify, segment, and retarget in-store customers. Zeal has already partnered with major players in the payments industry and plans to build advanced data and analytics solutions for the FMCG and telecom sectors.

Zeal’s founder and CEO, Omar Ebeid, expressed excitement about the investment, stating that it will accelerate the company’s efforts to revolutionize retail customer engagement on a global scale using AI. Wael Nafee from Raed Ventures believes that Zeal’s product is an innovative solution for payment service providers and POS manufacturers globally.

With a strong foundation and a clear vision, Zeal aims to become the leading value-added service solution for payment acquirers and merchants worldwide.

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