Egypt’s Teradix Secures USD140 K Grant

Egypt-based e-procurement solutions provider Teradix has received a USD 140 K grant from the TAQADAM Accelerator Program at King Abdullah University of Science and Technology (KAUST). Founded in 2019 by Khaled Aboshady, Teradix offers a suite of procurement solutions to optimise cost savings and streamline operations for businesses of all sizes.

The funding will aid Teradix’s strategic expansion into Saudi Arabia, supporting its mission to enhance procurement efficiency and supplier engagement. Teradix’s platform centralizes supplier interactions, improving collaboration and communication. Its customizable dashboards and reports offer businesses valuable insights and analytics, empowering them to make data-driven decisions and refine procurement strategies.