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Monday, 9 August 2021

UAE “super app” Rizek launches in Egypt

UAE-based services “super app” Rizek is rolling out in Egypt, providing users with access under one umbrella to a number of third-party mobile apps that offer a raft of one-stop-shop home services, Al Mal reports. The app is designed to allow you to do everything from getting your car washed to booking medical appointments for yourself and your pets. Rizek had raised USD 10 mn to finance its Egypt expansion plans earlier this year in a round led by Abu Dhabi wealth fund ADQ and US-based financial investment company Peak Investments.

About Rizek: Established in 2020, Rizek is deemed the UAE’s first local “super app” for on-demand services. In June 2020, the startup raised USD 3.5 mn in a seed funding round from Abu Dhabi Investment Office, E-Tech Investments, Rozana Investments and some other stakeholders — the largest seed round ever to be raised in the MENA region.

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