Capiter eyes expanding investment in Egypt

The startup intends to expand its geographical presence nationwide, besides its network of small enterprises, Nouh elaborated.

Founded last year, Capiter is a mobile app connecting grocery stores and retail markets to leading food suppliers in the country, the CEO added.

The company also plans to start its expansion with Alexandria and the Nile Delta area over the coming period, Nouh said.

The official was the former chief operating officer and co-founder of Swvl, commenting back then that “suppliers instantly convert their sales into cash and eliminate their collection and credit risk, and buyers access the needed credit to grow their business and increase their purchases, without borrowing or extra capital.”