Taxonomy

MaxAB

[IMF Connect] MaxAB CEO Featured on IMF Spring Meetings Panel Regarding Middle East Entrepreneurship

The Middle East and North Africa (MENA) is one of the most youthful regions in the world. It has an opportunity to embrace the digitalization drive to address its long-term economic challenges of stubbornly high unemployment, low productivity, inequality, and a wide gender gap. At this year’s IMF Spring Meetings held last...

[Flourish Conversations] The Corner Shop Isn't Dead: How Fintech and Embedded Finance Are Giving Them Extra Power

New research shows the corner shop is here to stay and poised to go digital. A $900B+ industry worldwide, fintechs are now serving corner shops across the retail value chain, developing low-cost, easy-to-use, online tools for sourcing, logistics, business management, sales, and financial services. Flourish Managing Partner, Arjuna Costa sits...

New Research Finds Corner Shops are Faring Well Against Big Box Stores in Emerging Markets, but Digital Challenges Remain

Flourish Ventures Research Reveals Shopkeepers in Brazil, Egypt, India and Indonesia are Reporting Strong Customer Traffic but Risk Falling Behind if They Don’t Become More Tech Savvy Today, Flourish Ventures released a new research report showing that corner shops are doing better than predicted despite protracted supply chain issues and...

MaxAB

[TechCrunch] MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

Originally posted on TechCrunch By Tage Kene-Okafor Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent, to the tune of $40 million. Today, it has raised a $15 million extension from existing investors — RMBV,...

[EVENT Recap] Fintech Founders in Bangladesh, Egypt & the US Share Customer-first Focus and Offerings

Today, embedded finance is one of the most influential, seemingly all-encompassing technology trends taking place around the world. It involves non-bank companies and fintech start ups offering financial products and services to targeted customers. Many suggest this is the beginning of a transition to fintech 3.0 where a customer’s experience...

Apps on a Mobile Phone

[Bloomberg] Ecommerce Fixer for Egypt Mom and Pop Stores Gets Funds

Originally posted on Bloomberg By Mirette Magdy An Egyptian e-commerce business linking traditional retailers with suppliers of products such as food and groceries plans to expand in North Africa and the Gulf after an early-stage funding round. Cairo-based MaxAB raised $40 million from RMBV and seven others including the International Finance Corp. and Flourish Ventures,...

MaxAB

[TechCrunch] MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion

Originaly posted on TechCrunch By Tage Kene-Okafor Globally, food and grocery delivery startups have been raising mega-rounds of late, especially those in Europe as the pandemic has given rise to more people ordering online more than ever. This growth has translated to an increase in volume across e-commerce platforms all...

[Flourish Conversations] Embedded Finance Platforms

Embedded Finance allows traditionally non-bank businesses—such as consumer tech companies, retailers, small businesses, and manufacturers—to incorporate financial offerings like payment options, credit, or insurance into their products and better serve their customers. As the world moves increasingly online, embedded finance can play a powerful role in helping consumers and small...