Egyptian SaaS E-commerce Startup, Awfar, Secures Funding for Expansion in Saudi Arabia 🇪🇬 🇸🇦

Egyptian SaaS E-commerce Startup, Awfar, Secures Funding for Expansion in Saudi Arabia 🇪🇬 🇸🇦

#e-commerce
#startup
#funding
Egyptian SaaS e-commerce startup Awfar has secured six-figure US dollar funding from Saudi Arabia-based venture studio Value Maker Studio (VMS) to expand its presence in the latter country.

📈 Egyptian SaaS e-commerce startup Awfar secures six-figure USD funding from Saudi's Value Maker Studio (VMS) to expand its presence in Saudi Arabia.


💼 Awfar offers integrated retail technology solutions, including cloud-based offerings, point of sale, reporting, and delivery management, serving businesses in Egypt and the MENA region.


🤝 VMS is launching its "Bridge Programme" to facilitate the expansion of Egyptian tech startups into Saudi Arabia. It has invested in Awfar to support its entry into the Saudi market, following a similar investment in an ed-tech startup.


🚀 This partnership is set to open doors for Awfar in the thriving Saudi market, with contracts and major partnerships already in the works.


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