Egyptian Startup FlapKap Raises USD 1.2 Mn Seed Round

Egyptian start-up FlapKap, which specializes in e-commerce solutions, has raised USD 1.2 Mn in its latest funding round to expand into new markets and improve its technology. The round was led by Egypt-based early-stage venture capital firm A15 a MENA venture capital firm, and one of the most prominent backers of early-stage start-ups in the region.

FlapKap is a MEA-based fintech company revolutionizing how e-commerce and SaaS businesses in the region grow. The company offers artificial intelligence-based insights to help businesses optimize their advertising spending and maximize profits. It also offers clients revenue-based flexible payment plans on their advertising spending to ensure sustainable growth without cash constraints.