Zeew an Egyptian-based B2B SaaS platform has secured a $630,000 seed round from Plug and Play Ventures, Poland Prize, and angel investors.
The recent fund secured as seen the Egyptian Startup close a total investment of $1,00,000 in the past 24 months after securing $170,000.
The new fund will be used to grow our team and customer base in new markets, as the B2B SaaS platform helps businesses build marketplaces including logistics, in more than 100 countries.
The startup started in November 2017 as a B2B on-demand last-mile delivery company for small businesses, focusing on flower shops, cosmetic shops and bookstores.
The startup is also based in Estonia and as of January 2018, it became one of Europe’s pioneer startups to offer on-demand delivery technology built on the Ethereum blockchain. By March 2018, the startup has added more than 2,000 investors to its platform.
Also read, Egypt’s Zeew is Redefining North Africa’s Delivery Ecosystem
Mohamed Ghaith, the Founder and CEO of Zeew asserts that the startup’s automated platform has created a full ecosystem for businesses, such that in few clicks, the business ecommerce store is created and connected to its native client ordering apps, vendor apps, drivers apps, dispatcher, accounting system and more.
Accoridng the founder, Zeew pivoted by the end of 2019 due to high competition, “We had built a great technology out of our needs and we decided to offer it to the public as a one-time payment at the beginning but soon we realized how hard it was to maintain many clients on the separate codebase and we moved to SaaS and since then we have grown to 100+ countries.”
Zeew offers its customers the platform to manage all their business from a single admin dashboard. The startup also owns a reseller program that allows any entrepreneur to start their own business by reselling the startup’s automated systems under their own domain and own brand, even set their own reseller prices. It only takes 1 day to launch it.
Featured Image: Mohamed Ghaith, Founder & CEO, Zeew
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