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Tuesday, 23 November 2021

Fintech startup HollyDesk raises USD 325k in pre-seed funding

Homegrown fintech startup HollyDesk raised USD 325k in pre-seed funding in a round led by angel investor Faisal Abdel Salam, reports Hapi Journal. The company has been looking to close the six-figure USD funding round since July, and will use the money to develop the team’s technical capabilities, grow the team and its product offering, and expand elsewhere in the region.

About the company: HollyDesk provides a SaaS tool that offers companies real-time expense tracking and management of receivables and payables through a dashboard to manage their finances. Earlier this year, it teamed up with our friends at CIB to provide rapid collection of funds for employees and company-verified parties through electronic wallets.

ALSO FROM STARTUPLAND- Three Egyptian startups were chosen to join Techstars Riyadh accelerator: Tegarti, a cloud-based point of sale and retail management platform, Glamera, an app for booking beauty and health services, and Untap, an all-in-one software for planning, launching managing, and assessing online innovation and talent acquisition programs. The companies will receive an investment of USD 120k each, along with mentoring. Techstars Riyadh is run in partnership with Saudi Arabia’s CIT Ministry and Raed Ventures. The 13-week program began earlier this month and will end in February 2022.

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