Egyptian Startup Capiter Raises USD 33 Mn Series A Round

Capiter, an Egyptian B2B e-commerce startup that connects manufacturers, brands, wholesalers, and retailers on a single platform, has raised a USD 33 Mn Series A funding round to support its rapid expansion into digital financial services and new markets. The round was led by fintech-focused venture firm Quona Capital and MSA, an independent and interdisciplinary investment company. The round also features Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab, and Derayah Ventures. 

Capiter is a B2B marketplace that connects FMCGs, wholesalers, and merchants on a single platform, allowing merchants to order products via an e-commerce checkout and receive credit for their purchases. The startup offers a single platform for small and medium businesses (SMEs) to acquire a wide range of products, obtain delivery, and access financing.