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Mozare3, an Egyptian Agri-Fintech platform, has closed seven-figure pre-seed funding round to help it expand. Algebra Ventures and Disruptech Ventures led the round, which also included EFG-EV and a group of reputable angel investors.
The startup provides smallholder farmers with access to innovative financial products, markets, and agronomy support. The platform serves more than 20 million underserved, unbankable smallholder farmers and their families in Egypt.