- Zeal, an Egyptian fintech startup, has raised $4 million in funding to expand its technology throughout Europe, the Middle East, and Africa (EMEA) following its recent entry into the UK market.
- Raed Ventures and Cur8 Capital led the round, while several angel investors participated.
- This news comes less than a year after the co-founder, Omar Feid, announced that the company had received its “EIS Tax relief advanced assurance,” which is an endorsement from HM Revenue and Customs indicating that an investment in the company could qualify for tax relief. Feid called this news “amazing news for UK investors.”
Zeal, founded in 2019 by Ebeid, Bellal Mohamed, and Amr Mohamed, allows users to link a payment method to the app”s QR code, which they can then present to an in-store scanner for payment and loyalty punch collection in a single transaction.
Vendors receive a dashboard for data analytics that tracks real-time branch spending. They can forecast future customer spending with this AI-powered dashboard.
The customer-loyalty-focused fintech also offers actionable insights for influencing consumer behaviour, engaging customers through targeted offers…
Abdullah Ajibade
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https://techpoint.africa/2024/01/16/egyptian-fintech-zeal-funding-expansion/
