Egypt-based B2B platform digitalising the country’s traditional trade marked, Cartona, has completed its USD 12 million Series A funding round.
The funding was led by Silicon Badia, a venture capital company investing in global technology entrepreneurs, with the participation of MSME, SANAD, Arab Bank Accelerator, and Sunny Side Ventures.
The latest capital infusion will be used to boost Cartona’s expansion across Egypt, as well as explore new verticals. The company embraces a cashless society vision, aiming to drive financial inclusion in the country and beyond, while investing in embedded finance, payments, and operational integration with all stakeholders. This helps suppliers and retailers have access to an integrated solution, boosting financial inclusion, and allowing businesses to grow faster and more efficient.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.