Egyptian Ecommerce Platform zVendo lands a six-figure seed round funding from a group of investors


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 center. “Being a part of many startup programs like the Microsoft Startup program 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 localized 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 to 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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