Egypt-based e-commerce operations platform Fincart has raised an oversubscribed $2.8 million Seed round, co-led by Launch Africa and Antler MENAP, with participation from Yango Ventures, Five35 Ventures, Bluestream Capital, Hi2 Global, Kalahari Venture Labs, and other regional investors.
Founded in 2023 by Mostafa Masry and Nihal Ali, Fincart provides an AI-powered operating platform that enables merchants to manage shipping, customer engagement, and cash advances through a single interface, integrating with more than 40 courier companies across Africa.
The fresh capital will be used to further develop Fincart's AI platform, expand its team, strengthen strategic partnerships, and accelerate its expansion across the MENA and African markets. The company currently serves more than 450 merchants and has facilitated nearly EGP 1 billion in gross merchandise value.
In January 2025, Fincart closed a pre-Seed round for an undisclosed amount, led by Plus VC along with other investors.
Press release
