Egypt-based e-commerce platform zVendo has raised a six-figure Seed funding round from EFG EV Fintech and unidentified angel investors, paving the way for it to become the country’s first local e-commerce center.
“Being a part of many startup programs like the Microsoft Startup program has helped us achieve our goal of increasing merchants’ businesses online,” says Tarek Bakry, founder and CEO.
zVendo originated from Egyptian developers for the Middle East and the Arab world, and was created in 2018 by the primary founders of leading e-commerce solutions company Business Boomers.
It’s an e-commerce software-as-a-service platform that helps companies to start selling online in a matter of minutes using a range of specialized distribution platforms.
zVendo has also begun to expand regionally in the UAE and Saudi Arabia, with other GCC countries to follow, with the goal of bolstering e-commerce development across the region.
Brand feeds for social media sites, marketplaces, and product aggregators, as well as product feeds for social media platforms, marketplaces, and product aggregators, ensure that no channel is missed.
Sameh Abdel Fattah, the company’s founder and CTO, and Tarek Bakry, the company’s co-founder and CEO, want to provide retailers with “a network that provides merchants and their customers with a localized experience that does not require any technological expertise.”
zVendo, they said, introduces comprehensive sales and consumer data, as well as marketing and e-commerce tools and integrations with various ERP and related systems, all from a single holistic dashboard view.
“The key reason why EFG EV Fintech is thrilled to be part of zVendo’s journey is the opportunity to allow more SMEs in the area to digitize their commerce activities in both affordable and effective ways,” said Mahmoud El-Zohairy, CEO of EFG EV.
Multiple subscription-based packages are available for the Omni-channel enabler to support companies of all sizes.
They have more than 20 ready-made payment and shipping integrations, ranging from freemium to full-fledged features.
The Arabic language is included as a regular feature in all online store packages.
In 2020, zVendo was able to extend its support to all forms of businesses with additional features specifically tailored for each market due to a recent change and rapid growth in the e-commerce industry.
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