Supported by Disruptech Ventures, Algebra Ventures, and Lorax Capital Partners, Connect Money raised USD 8 million in a seed funding round meant to enable the fintech to introduce five additional business verticals, set to be announced separately in North African markets. Also, the startup plans to utilise the capital injection to assist its ongoing expansion efforts in its current markets, including Egypt and Morocco, whilst advancing new market entries with a focus on Africa.
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