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Sunday, 28 August 2022

SubsBase raises USD 2.4 mn in a seed round led by Global Ventures

Egyptian subscription management platform SubsBase has raised USD 2.4 mn in a seed round led by Global Ventures, according to a company press release (pdf). The round saw participation from HALA Ventures, P1 Ventures, Plus Venture Capital (+VC), Plug and Play, Ingressive Capital, Camel Ventures, and existing investors Falak Startups and Arzan Venture Capital.

Where the money’s going: The funding will go towards product innovation and development, recruiting talent and increasing the company’s regional presence.

About SubsBase: Founded in 2020 by Mohamed Farag and Sherif Aziz, SubsBase is subscription-based platform for managing corporate finances. The service allows businesses to record recurring revenues and provides analytics and billing tools to monitor collection. Interestingly, the company is targeting the NBFI and real estate industries to help them manage recurring payments.}

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