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Monday, 23 November 2020

Egyptian e-commerce platform ExpandCart raises USD 2.5 mn in series A funding

STARTUP WATCH- Egyptian e-commerce platform ExpandCart raised USD 2.5 mn in a series A funding round led by Sawari Ventures, Agility Ventures and Graphene Ventures, Menabytes reports. Two angel investors also took part in the funding round. ExpandCart caters to merchants and allows its users to build online stores in Arabic or English. The platform was the only African startup to be accepted into Hong Kong’s Betatron accelerator program last year, and received an investment of USD 150k.

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