Priya Patel
TLDR: Zeal, an Egypt-based FinTech and customer loyalty app, has raised $4 million in funding to expand its technology solutions. The funding round was led by RAED Ventures and Cur8 Capital, along with strategic angel investors. Zeal plans to use the investment to expand its innovative technology solutions across the EMEA region after entering the UK market. Zeal’s key product offering is the SmartPOS Plugin, which transforms in-store customer engagement and payment intelligence. The company has already partnered with entities like Ingenico and Network International, and this funding will help expand its reach and impact.
Egypt-based FinTech startup Zeal has raised $4m in a funding round led by RAED Ventures and Cur8 Capital. The funds will help Zeal grow its innovative technology solutions across the EMEA region. Zeal’s primary product is the SmartPOS Plugin, which allows credit card machines to identify, segment, and retarget in-store customers. The company has already partnered with businesses such as Ingenico and Network International, and this funding round will help it expand further. Zeal also plans to develop advanced data and analytics solutions for FMCGs and telecom sectors.
Omar Ebeid, the Founder and CEO of Zeal, highlighted the importance of the investment in accelerating the company’s journey towards utilizing AI to revolutionize retail customer engagement on a global scale. The funding will enable Zeal to connect billions of customers with millions of retailers.
Wael Nafee, General Partner at RAED Ventures, expressed excitement about backing Zeal and its global first product offering. Nafee believes that the payment acquiring space is in need of disruptors that can provide value-added services, and Zeal’s holistic product is a key innovative solution for payment service providers and POS manufacturers globally.
This funding round will enable Zeal to expand its reach and impact in the payments industry. By partnering with Ingenico and Network International, Zeal has already made significant progress, and the additional funding will help enhance their payment acquirers portfolio and ease of integrating with POS terminals globally.
Overall, the $4 million funding secured by Zeal will enable the company to expand its technology solutions across the EMEA region. With its SmartPOS Plugin, Zeal aims to transform the way physical retailers engage with and retain their clientele. The company also plans to develop advanced data and analytics solutions for FMCGs and telecom sectors. The funding round was led by RAED Ventures and Cur8 Capital, along with strategic angel investors.
