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Dany Farha

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Abdulaziz Shikh Al Sagha

If you're ready to take your business to the next level with Beco Capital, we want to hear your pitch.

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Beco Capital

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BECO Capital stands as one of the pioneering early-stage venture capital firms in the UAE, prioritizing the MENA region, and is dedicated to providing growth capital and operational guidance to early-stage technology companies.

Kitopi

Kitopi is a cloud kitchen platform that offers innovative and scalable solutions to restaurants looking to optimise their operations and expand their delivery services.

Careem

Providing a range of daily services, Careem is a Dubai-based ride-hailing and super app company that aims to simplify people's daily lives in over 100 cities across 13 countries.

Pre-IPO

Swvl

Internet

Swvl is a tech-enabled mobility platform that provides safe, reliable, and convenient mass transit solutions in 115 cities worldwide, including Europe, Africa, Asia, the Middle East, and Latin America.

Property Finder

Proptech

Real Estate

Property

Property Finder is a real estate portal that offers a range of innovative solutions and dedicates to empowering consumers to find their dream home and secure a better future.

Fresha

Beauty

Health Care

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SaaS

Fresha is the leading marketplace platform for beauty & wellness trusted by millions of consumers and businesses worldwide. Fresha allows consumers to discover, book and pay for beauty and wellness appointments with local businesses via its marketplace, while beauty and wellness businesses and professionals use an all-in-one platform to managetheir entire operations with its intuitive free business software and financial technology solutions.

Proximie

Augmented Reality

San Francisco

Tribal

Cairo

MaxAB

MaxAB is a B2B e-commerce platform that connects food and grocery retailers to suppliers.

New York

Wahed Invest

Wahed Invest is a financial technology and services company that delivers a ethics-driven investment platform. Wahed Invest allows its users to invest in global stocks, market stocks, sukuk, and real estates.

Fetchr

Fetchr is a Dubai-based logistics and delivery company that offers real-time tracking, scheduling, and innovative solutions for businesses and individuals in the MENA region and beyond.

Vezeeta

Provides patients with a digital healthcare booking platform and management software.

Bayzat

Bayzat is a technology SaaS company that provides insurance, payroll, and human resources solutions for businesses.

Tribal Capital Markets

Keyper

Property Management

Keyper is a digital real estate investment management solution platform that offers automation of daily tasks, monitoring of real estate portfolios, and access to data-driven insights for investors and property owners.

Tenderd

Tenderd's innovative platform integrates AI to convert data from any equipment into actionable insights which reduce cost, increase utilization and lower emissions.

Istanbul

Marti

Transportation

Electric Vehicle

Mobile App

Founded in 2018, Marti is Türkiye’s mobility super app, offering multiple transportation services to its riders. Marti has launched a ride hailing service that matches riders with drivers traveling in the same direction and operates a large fleet of e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure.

SellAnyCar.com

Automotive

SellAnyCar.com - The Middle East's first online car buying service. Sell any car to us. Guaranteed purchase & payment within 30 minutes.

Zebec

Amman

Abwaab

EdTech

Abwaab is an online learning platform that allows secondary-school students to learn at their own pace, test themselves and get ahead with our expert tutors anytime and anywhere. By offering short, engaging video lessons, visualized learning journeys, continuous assessment and performance analytics, we are changing the way students learn outsidethe classroom.

North Ladder

Information Systems

Retail Technology

NorthLadder is a fast growing digital platform that enables frictionless trade of pre-owned electronics.  We are the region’s only auction-driven selling platform for pre-owned electronics devices- a thoughtfully created service where people can sell their devices to a network of global buyers and get cash instantly in a safe, dignified, and hassle-free manner.

Riyadh

Syarah

Syarah specializes in online car sales, offering assistance with purchases and financing options in Saudi Arabia and the region.

Abu Dhabi

Hubpay

Financial Services

Hubpay is an independently regulated provider of cross-border money services designed to increase financial inclusion in emerging markets. It utilizes data science to create accessible, practical, and affordable everyday financial solutions delivered responsibly to everyone, regardless of income level.

Thndr

Thndr is a  company that operates an app-based investment platform

Merkle Science

Si-Ware Systems

Agriculture

Dukkantek

Marketing/Sales

Dukkantek is a technology startup that provides digital transformation services to improve business processes.

BRKZ

BRKZ is a B2B construction tech startup revolutionizing the buying and selling of building materials, through a managed marketplace.

Nas Company (Formerly Nas Academy)

Communities

RemotePass

RemotePass is an all-in-one platform for companies to onboard, manage, pay, and retain remote workers in 150 countries

Supy

Restaurants

Software

Supy is a B2B software solution focused on streamlining transactions between restaurants and suppliers.

Manama

CoinMENA

Financing Platform

Headquartered in the Kingdom of Bahrain, CoinMENA is a Sharia-compliant crypto-assets trading platform that is licensed and regulated by the Central Bank of Bahrain (CBB). Through CoinMENA, users can buy, sell, store, and receive digital assets safely and securely, as well as deposit and withdraw in their local currency.

Nibiru

ChatFood

Logistics

Food Delivery

ChatFood is a Commission-free online ordering platform for restaurants.

JadoPado

Internet Marketplace Platforms

JadoPado is a marketplace where people around the world come together to buy and sell great stuff! JadoPado lets you sell new, used and refurbished products directly to buyers. Sellers handle their own stores including products, offers, orders and fulfilment, while making sure everything looks great!

Kuwait

Ajar

Mobile Payments

Property Development

Ajar allows landlords to collect payments securely, manage properties efficiently, and track performance seamlessly, while empowering tenants with rewarding online payments.

Taager

Social e-commerce platform enabling online merchants with end-to-end logistics.

Pine Street Labs

Sympl

Consulting

Sympl is a company that provides buy now pay later service.

MYKI

Invact Metaversity

TPConnects

NowPay

NowPay improves the financial-wellness of corporate employees.

Wisewell

Dapi

TravelerVIP

Wrappup

Tweeq

Digital Banking

Expense Tracker

Tweeq is offering a a feature-rich spending account for modern individuals and SME's with a user first approach.

Laimoon.com

Kemet Trading

RoundMenu

BulkWhiz

DUPLAYS

Fitness

Social Networking

Social Platform

Sport

DUPLAYS organises sport & social activities in 8 cities with over 60,000 members. They deliver great sport, fitness and team building activities where you live. Join us for nightly leagues, weekend tournaments, high-profile events, employee engagement programs and more!

Balance (Wallet)

Compedica (formerly known as Diabetic Boot Company)

Mango Sciences

Analytics

Origami

Snickerdoodle Labs

Yuzu

3Ayez

Vectara

<ul>
	<li>Egypt-based B2B e-commerce platform MaxAB, has raised $40 million in a Series A round, led by RMBV, with participation from the IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, and Endeavor Catalyst as well as MaxAB&rsquo;s existing investors, Beco Capital and 4DX Ventures.</li>
	<li>The latest round brings total funding raised by MaxAB to more than $45 million since its seed round in September 2019.&nbsp;</li>
	<li>MaxAB looks to support the growth of e-commerce in Egypt, particularly in its most underserved regions by directly connecting retailers to suppliers.</li>
	<li>The company plans to expand its physical footprint across the rest of the region, grow its talent pool as well scale its business verticals including new supply chains and embedded finance solutions.</li>
	<li>Since its inception in 2018, MaxAB has served 55,000 retailers, processed more than 1 million orders, and created more than 1,600 direct jobs in the process. It further claims that it has grown more than 5x year-on-year.</li>
</ul>

Press release

MaxAB, the largest Egyptian B2B e-commerce platform that serves food and grocery retailers, has secured $40M in a Series A round, led by RMBV, a prominent impact investor in North Africa. The round included participation from the IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, and Endeavor Catalyst as well as MaxAB&rsquo;s existing investors, Beco Capital and 4DX Ventures. MaxAB is Crystal Stream and Flourish Ventures&rsquo; first North African investment. This round brings the company&rsquo;s total investment to date to more than $45M since its seed round in September 2019.

MaxAB was founded in 2018 and serves a network of traditional retailers (Mom-and-Pop stores) across Egypt. In less than 3 years, the company leveraged technology to develop a transformative supply chain model and offer a product that empowers both traditional retailers and suppliers. MaxAB serves traditional retailers, offering the simplicity of dealing with one supplier, transparent pricing, on-demand delivery, and a range of value-added services. Suppliers benefit from MaxAB&rsquo;s end-to-end supply chain solutions and business intelligence tools that allow them to accurately predict, monitor, and control the impact of their strategies in real time.

The new capital raised will be deployed to expand MaxAB&rsquo;s physical footprint across the MENA region, following its expansion to every key city in Egypt by the end of 2021. The company also plans on scaling recently launched business verticals including new supply chains and embedded finance solutions. Additionally, the company will expand its talent pool by bringing onboard some of the best minds in the world to join the dynamic team, further positioning Egypt as one of the primary technology hubs in the region.

Commenting on MaxAB&rsquo;s growth ambitions, Belal El-Megharbel, Co-Founder and CEO at MaxAB, says: &ldquo;Three years ago we embarked on an ambitious mission to create a more cohesive, transparent and efficient food and grocery supply chain in Egypt. This additional capital will allow us to continue to give retailers the economies of scale our platform offers while serving many more new customers. Being backed by a diverse group of renowned and experienced investors will enable us to rapidly scale our operations across the MENA region and developing markets.&rdquo; He continues, &ldquo;In this short timespan, MaxAB has been able to impact the lives of more than 55,000 retailers, successfully fulfil more than 1 million orders, and create more than 1,600 direct jobs in the process. It has grown more than 5x year-on-year, fuelled by its capacity to reliably fulfil deliveries within 24 hours of orders being placed.&rdquo;

Ahmed Badreldin, Managing Partner at RMBV commented: &ldquo;The COVID-19 pandemic has highlighted the unique structure of Egypt&rsquo;s economy, with hundreds of thousands of shopkeepers and small businesses becoming the lifeline of our country at the time of crisis. We are delighted to be backing visionary entrepreneurs that have created a transformative business with impressive growth that is a catalyst for financial inclusion and job creation. We look forward to supporting MaxAB in its next phase of development as they continue delivering on growth and innovation.&rdquo;

&ldquo;MaxAB is set to play a central role in retailers&#39; financial lives - it directly boosts retailers&#39; profits by reducing the hassle and the cost of buying inventory and, with embedded fintech products in its core offering, customers can easily buy more goods and pay for them seamlessly,&quot; said Ameya Upadhyay, venture partner at Flourish Ventures. &quot;With its founding team of seasoned operators who have scaled world-class ventures before, MaxAB is pioneering the global trend towards Embedded Finance. We are proud to back MaxAB as our first investment in Egypt and eager to see the next step in their journey.&quot;

MaxAB raises $40 million in Series A

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