Connect with us

Tech

Egyptian marketing operating startup, Convertedin, raises $3m seed funding

Published

on

Egyptian brands marketing and business operating startup, Convertedin, has successfully raised $3 million in seed funding aimed at helping it expand across the Middle East and Latin America.

The funding round which was led by Saudi Arabia-based Merak Capital, with participation from 500 Global and MSAS, according to the CEO and co-founder of Convertedin, Mohamed Fergany, will help the company in its expansion plans which includes opening its first office in Rio De Janeiro, Brazil.

“As SMBs around the world build e-commerce services, they need the right tools to convert customers and generate revenue.

“With Convertedin, brands no longer need expensive and complex infrastructure for data-centric marketing. We have built a marketing operating system, which today is the preferred choice for hundreds of local and international brands.

“Today, Convertedin is a business with strong fundamentals, and we are honored to partner with leading global investors as we embark on our next phase of growth,” said Fergany.

According to Disrupt Africa, Convertedin is built for brands and businesses that desire a single platform to drive personalised and scalable campaigns, convert customers, achieve measurable results and grow revenue.

The startup works with homegrown and multinational brands across Africa, the Middle East, and South America in multiple languages including Arabic and English, while the company will be launching services in Portuguese soon.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Tech

South African calling app startup, Talk360, gets $7m seed funding following new backing

Published

on

South Africa’s international calling app, Talk360, a Voice over Internet Protocol (VoIP) startup, has secured an additional US$3 million in seed round funding, taking its total seed round to US$7 million after its first funding in May.

Talk360’s latest investors include lead angel investor, HAVAÍC, Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, and Tjaart van der Walt and Coenraad Jonker.

The app which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, co-founded in 2016 by South African venture builder, Dean Hiine with Dutch entrepreneurs Hans Osnabrugge and Jorne Schamp, provides phone calls to any offline landline or mobile phone in the world.

Earlier in May, the startup had secured a US$4 million seed round, which has now grown to $7 million with the additional $3m it secured on Monday

Hiine who spoke on the new investment, said the funds will help the company “grow its market share in South Africa, drive its growth on the rest of the continent and launch its market first pan-African payment platform in 2023.”

“Our mission is to bridge distance and connect lives by offering reliable, affordable, and easy-to-use digital services, delivered in a localised manner to all communities, particularly emerging countries, so they can connect to the world,” Hiine said.

“But we’re not just solving socio-economic issues: we’re also offering micro-entrepreneurship and income generating opportunities to our growing network of agents across the country,” he added.

Continue Reading

Tech

(VIDEO) 25-year-old Togolese inventor constructs 4-wheel-drive from recycled materials

Published

on

A 25-year-old inventor in Togo, Sourou-Edjareyo Malazouwe, has entered the history books after he constructed a 4×4 car using locally made recycled materials.

Malazouwe, who described himself as a self-taught engineer with a passion for sport cars, told journalists on Friday during an exhibition of the 4-wheel drive that he embarked upon the venture of making the car himself because he could not afford to buy one.

“I finished secondary school in 2016 and after that, I started my own business, selling and repairing mobile phones and computers. It’s because of that that I could afford to build this car,” he said.

He said he started work on the last year ago in his workshop in the Forever district of the capital, Lomé, and the first model named ‘RAF-X Raptor‘, has been out on the road for some time now.

“I used a lot of recycled parts. I paid for a few new ones. In this box you can see parts from Titan buses, from motorcycles, from cars, it depends. I get the parts from everywhere which is how I manage,” he said.

“There are plenty of people who are impressed by the car and I have received several orders for one, but I am currently working on fixing some probems with my garage,” he added.

Malazouwe’s efforts have not gone unnoticed as he was invited in May to meet with Togo’s Prime Minister, Victoire Tomégah-Dogbé Dogbé.

After the meeting, Dogbé tweeted that she was amazed and charmed by Malazouwe’s genius.

“I told him how proud we were and reiterated the government’s commitment to support him,” she wrote.

Continue Reading

EDITOR’S PICK

VenturesNow5 hours ago

Nigeria’s Access Bank acquires majority equity stake in Angolan financial firm, Finibanco

One of Nigeria’s mega financial institutions, Access Bank, has penned an agreement to acquire 51% majority shareholding in Finibanco Angola...

Metro5 hours ago

Another Ugandan health worker dies from Ebola Virus

Another health worker in Uganda has died due to complications from the Ebola Virus Disease, making it the fourth recorded...

Metro6 hours ago

ECOWAS mediator, Mohamadou Issoufou, meets Burkina Faso new ruler, Captain Ibrahim Traore

The delegates of regional bloc, Economic Community of West African States have concluded mediation for Burkina Faso after recent unrest...

Metro8 hours ago

Three Bangladeshi UN peacekeepers killed in roadside bombing in Central African Republic

Three United Nations peacekeepers from Bangladesh have been killed roadside bomb while several others were seriously wounded in northwestern Central...

Metro8 hours ago

Liberian narcotics officials nab two more suspects in $100 million cocaine heist

Liberian narcotics officials, acting with top intelligence supplies by the United States security agencies arrested two foreign nationals suspected to...

Metro9 hours ago

Diplomatic row looms as gunmen kill German tourist near South African game park

A diplomatic row is currently brewing between South Africa and Germany after a German tourist was shot and killed by...

Tech1 day ago

South African calling app startup, Talk360, gets $7m seed funding following new backing

South Africa’s international calling app, Talk360, a Voice over Internet Protocol (VoIP) startup, has secured an additional US$3 million in...

VenturesNow1 day ago

Petrol prices fall in South Africa, Libya but cost of diesel keeps flying

Prices of petrol have fallen in South Africa and Libya but such cannot be said of diesel. The government of...

VenturesNow1 day ago

Zambia sets for first meeting with creditors amidst growing fiscal challenges

The finance ministry in Zambia said it is set for its first meeting with its creditors as the South African...

Politics1 day ago

Lesotho to hold parliamentary election as political instability rages

Southern African nation, Lesotho will hold its parliamentary elections on Friday despite political instability rocking the country following the inability...

Trending