ZoodPay, the ‘Buy Now, Pay Later’ (BNPL) Super app has completed a USD 38 million Series B fundraising, attracting attention from global investors. London based VC Sturgeon Capital, Zain Group’s venture capital arm ‘Zain Ventures’, and other existing investors joined the funding round.
The ZoodPay & ZoodMall app has around 8 million users and ten offices across the Middle East and Central Asia. The business commits to delivering ‘Swiss quality’ shopping experience and cross-border services to merchants and shoppers across fintech and ecommerce emerging markets such as Iraq, Jordan, Lebanon, Uzbekistan and Kazakhstan.
ZoodPay will utilise the Series B funding to accelerate its growth and expansion in Iraq, stimulating local and cross-border ecommerce transactions through its marketplace and ‘Buy Now, Pay Later’ solutions.
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