Carzami Raises Pre-Seed Funding From Contact Financial Holding

Carzami, an online retailer for quality used cars and vehicle financing, today announced the close of a pre-seed round led by Contact Financial Holding, together with a scalable inventory financing facility, which it plans to use to transform Egypt’s used car market.

The startup is an online platform for buying and selling used cars that offers its customers 360-degree virtual tours and inspection reports. Customers can order any car they like to be delivered to their doorstep to test drive, and then purchase with financing and insurance options.