Payment solutions Zbooni secures $9.5mln as e-commerce booms

The company, it said in a statement, is seeing strong traction on its mobile seller app and web-based tools

  
Online payment. Image used for illustrative purpose.

Online payment. Image used for illustrative purpose.

Getty Images
 
DUBAI: Payment solutions provider Zbooni has secured $9.5 million in its latest funding round, on the back of the region’s growing e-commerce scene.

Several regional and international investors participated in the Series A round, including family office March Holding, US-based Enterprise Fund, as well as a few European private investors.

The UAE-based startup provides digital tools for businesses to engage with their customers - including an online invoining function, and other mobile-based applications.

“Our solutions help businesses seamlessly transition into a new era of commerce, offering more relevant ways to sell and interact with customers,” Ramy Assaf, Zbooni founder, said. =

The company, it said in a statement, is seeing strong traction on its mobile seller app and web-based tools.

Zbooni will use the funds to further develop its proprietary commerce technology, as well as hire new talent and expand into new markets.

“We see a massive opportunity in front of us and are excited about helping define the next generation of commerce,” Assaf said.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Alternative Investments