B2B e-commerce Capiter raises $33 million Series A

B2B e-commerce Capiter raises $33 million Series A

Cairo-based B2B e-commerce startup Capiter has raised $33 million Series A, co-led by Quona Capital and MSA Capital alongside additional investors Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab, and Derayah Ventures.

Founded in July 2020 by brothers Mahmoud Nouh (former COO and co-founder of SWVL) and Ahmed Nouh, Capiter brings together manufacturers, brands, wholesalers and retailers on one platform with access to financial services.

The acquired funding will help Capiter expand its service across Egypt and the Middle East region within 2022.

Press release:

Capiter, a Cairo-based B2B e-commerce startup that brings together manufacturers, brands, wholesalers and retailers on one platform with access to financial services, announced today it has raised a $33 million Series A. Co-led by Quona Capital and MSA Capital alongside additional investors Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab, and Derayah Ventures. The round comes as Capiter ramps up its efforts to expand its service across Egypt and the region within 2022.

Capiter provides small-to-medium enterprise (SME) businesses with a single platform that allows retailers to order a wide range of inventory, obtain delivery, and access financing all from a single platform. Using cutting edge technology and machine learning, the Capiter solution also helps