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African Startup Funding Tracker

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Egypt’s ExpandCart Closes USD 2.7 Mn Pre-Series B Round
Egypt’s ExpandCart Closes USD 2.7 Mn Pre-Series B Round

ExpandCart, one of the leading e-commerce platforms in the Middle East and North Africa, has secured USD 2.7 Mn in a Pre-Series B bridge round of financing, led by Hong-Kong-based Betatron Venture Group with participation from existing investors; Sawari Ventures from Egypt, and Agility Ventures from Kuwait.

ExpandCart is an e-commerce platform builder that claims to have served 25,000 merchants in Saudi Arabia, Egypt, Kuwait, and the UAE. The new round of funding is set to fuel ExpandCart’s growth in its existing markets while focusing on maximizing R&D, technology building, and new products such as their new conversational commerce chatbot solution ExpandBot.