Egypt's SETTLE raises $2 million in pre-seed funding to enhance B2B payment automation
Techpoint Africa | Abdullah Ajibade - Sep 18, 2024
Featured entitiesThe most prominent entities mentioned in the article. Tap each entity to learn more.
Plus VCShorooq PartnersAcasia VenturesSETTLEEl Sewedy Capital Holding
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  • SETTLE secured $2 million in pre-seed funding.
  • Funding led by Shorooq Partners with participation from El Sewedy Capital Holding, Acasia Ventures, and Plus VC.
  • SETTLE aims to enhance its platform for real-time financial insights.
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The emergence of SETTLE represents a significant step towards digitizing B2B financial operations in Egypt, a market that has been slow to adopt modern payment solutions. The platform's focus on automation and real-time insights could greatly enhance operational efficiency for businesses, making it a critical player in the evolving financial landscape.
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