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Egypt-based Boyot, a startup that offers an end-to-end operating system for payments and financial services focusing exclusively on the real estate market, has raised a six-figure pre-seed round led by a Kuwait-based real estate firm. The startup intends to use the acquired funds to expand operations and grow its team.
Boyot enables real estate firms to digitize their entire payment operations, allowing them to track the status of their customer payment from the moment it is scheduled ultimately through to settlement. Companies can leverage the existing application programming interface (APIs) to provide and launch financial products such as buy now and pay later (BNPL).