Egypt’s Fincart Raises $2.8M Seed to Scale AI Merchant Operating System, With 450 Merchants and EGP 1bn Processed

Egyptian startup Fincart has raised a $2.8 million seed round to scale its AI-powered operating system for e-commerce merchants, following a pivot from logistics management software into merchant finance and business automation. Pan-African venture fund Launch Africa and early-stage MENA fund Antler MENAP co-led the round, with participation from Yango Ventures, Five35 Ventures, Bluestream Capital, Hi2 Global, Kalahari Venture Labs and other undisclosed investors. The raise comes 18 months after