*Data updated daily at 18:00 EAT
Egyptian auto-tech startup Helpoo has secured an undisclosed amount of funding from Saudi firm Morni Holdin, which offers a diverse range of products, including an electronic auction platform, the first third-party administrator of motor claims licensed by the Saudi Central Bank, to help it scale. Helpoo will use the funding to strengthen its market footprint, expand operations, and generate revenue streams through new product line extensions. Morni Holding will also provide Helpoo with technical and strategic support through ongoing consultations, training and exchange of expertise.
Helpoo is an integrated tech-enabled service application that offers timely, high-quality motor vehicle insurance inspections, insurance claim management, and road assist services in Egypt. The platform aims to set new service standards in the field of inspection and damage assessment for motor vehicles and road rescue services, and become the leading partner for insurance companies.