Egypt’s Fincart Raises $2.8 Million Seed Round to Expand AI Logistics Platform
The funding round was co-led by Launch Africa Ventures and Antler, with additional backing from Yango Ventures, Five35 Ventures, Bluestream Capital, Hi2 Global, Kalahari Venture Capital, and several other regional investors.
Egypt-based e-commerce technology startup Fincart has secured $2.8 million in seed funding to accelerate the expansion of its AI-powered logistics and operations platform across the Middle East and Africa.
The funding round was co-led by Launch Africa Ventures and Antler, with additional backing from Yango Ventures, Five35 Ventures, Bluestream Capital, Hi2 Global, Kalahari Venture Capital, and several other regional investors.
Fincart provides an AI-driven platform that helps online merchants simplify shipping, logistics, and remittance operations. The solution enables businesses to connect with multiple shipping providers through their existing carrier agreements while also giving them access to customized working capital financing to support business growth.
The company said the fresh capital will be used to enhance its technology platform, expand its workforce, strengthen strategic commercial partnerships, and speed up its regional growth strategy across the Middle East and Africa.
