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RIYADH: Egypt-based mass e-commerce solutions Kenzz raised $3.5 million in a seed funding round led by Outliers Venture Capital.
Founded in 2022, the company offers a mass e-commerce platform for online shopping in Egypt, the Middle East and Africa.
“We are delighted to complete this seed fundraise, and we thank all our investors for their support. The time is ripe to fully optimize eCommerce in Egypt and MENA,” Ahmed Atef, CEO of Kenzz, said in a statement.
Kenzz will utilize its capital to recruit talent, grow its product categories and invest in its technology to launch its new app.