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Egyptian Fintech Zeal nabs $4M in funding from Raed and Cur8.

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Zeal, an Egyptian fintech startup, has raised $4 million in funding in a round led by Raed Ventures and Cur8 Capital.

The funding will be used to expand Zeal’s technology solutions across the EMEA region and further integrate with point-of-sale (POS) terminals globally.

Central to Zeal’s product is the SmartPOS Plugin, which allows credit card machines to identify and retarget in-store customers.

Zeal, an Egyptian fintech startup, has secured $4 million in funding in a round led by Raed Ventures and Cur8 Capital, along with strategic angel investors. This funding will be used to expand Zeal’s innovative technology solutions across the EMEA region, following its recent expansion into the UK market. At the core of Zeal’s product offering is the SmartPOS Plugin, which aims to redefine in-store customer engagement and payment intelligence. This technology enables credit card machines to identify, segment, and retarget in-store customers, transforming the way physical retailers engage with their clientele and increase customer retention.

Zeal has already made significant progress in the payments industry by partnering with leading entities like Ingenico and Network International and earning awards such as the Visa Everywhere Initiative. This funding will further enhance Zeal’s payment acquirers portfolio and ease of integrating with POS terminals globally. The management team also has plans to build advanced data and analytics solutions for FMCGs and Telecom sectors.

Founder and CEO Omar Ebeid expressed his excitement about the future, stating that this investment will accelerate Zeal’s journey towards utilizing AI to revolutionize retail customer engagement on a global scale. Wael Nafee from Raed Ventures added that they are excited to back Zeal, as they believe their holistic product is a key innovative solution to payment service providers and POS manufacturers globally.

With a clear vision and a strong foundation, Zeal aims to lead the charge in becoming the leading value-added service solution for payment acquirers and merchants worldwide.

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