Fatura closes $3mln pre-series A investment round

The company will use the funds to extend its activities to provide further services to manufacturers, wholesalers and retailers in the B2B sector

  
Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

REUTERS/Amr Abdallah Dalsh

ArabFinance: Egyptian B2B marketplace Fatura announced closing a $3 million pre-series A funding round, the company said in a press release.

The round was co-led by Sawari Ventures and Arzan VC, with the participation of Egypt Ventures, EFG-EV, The Cairo Angels as well as Khwarizmi Ventures.

The company will use the funds to extend its activities to provide further services to manufacturers, wholesalers and retailers in the B2B sector.

Fatura’s first funding round in July 2020 saw the startup raise $1 million in a round led by Disruptech.

Launched in 2019, Fatura is a mobile application that connects wholesalers & manufacturers with retailers in different industries. The start-up has been operating in the FMCG industry and it is currently piloting in other industries.

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