Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Woliz raised USD 2.2 million in pre-seed funding led by Sanlam Maroc to digitize Morocco’s informal neighborhood retail sector. The startup will use the capital to scale its AI-driven platform, onboard merchants, and prepare for expansion into other African markets.
Morocco’s z.systems raised $1 million in funding to reshape the region’s FMCG retail landscape. The platform, designed to modernize B2B trade and distribution, offers streamlined solutions for small retailers. z.systems plans to expand beyond FMCG into other sectors like construction and electronics, empowering mom-and-pop stores with better efficiency.
Abu Dhabi-based ERP provider Hulexo has secured seed investment from Arzan VC to expand its presence in the Middle East, aiming to reach 300 retail locations by 2025. The investment will also support Hulexo’s entry into Kuwait and Saudi Arabia, enabling partnerships and continued innovation for retail SMEs in the region.