Egypt's Fincart Raises $2.8M Seed to Scale AI Merchant Operating System, With 450 Merchants and EGP 1bn Processed
· Source: iafrica.com
In short
Egyptian startup Fincart has raised a $2.8 million seed round to scale its AI-powered operating system for e-commerce merchants, following a pivot from logistics management software into merchant finance and business automation. The company has onboarded more than 450 merchants, processed close to EGP 1 billion in merchandise value, and plans to expand beyond Egypt starting in 2027.
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In the issue of week 31, 2026: AI Drives Dock-to-Data Gains and Agentic Recovery in Supply Chains
Tags: e-commerce, logistics, embedded finance, merchant automation, seed funding, last-mile delivery