Egyptian B2B e-commerce startup Talabeyah acquired by MNT-Halan
Egyptian B2B e-commerce platform Talabeyah has been acquired by fintech firm MNT-Halan for an undisclosed quantity.
Based in 2020 by Karim Nassef, Amr Abbas, Khaled Hussein and Adel Hodroj in July 2020, Talabeyah gives a tailor-made easy answer for retailers, permitting them to order stock in a single click on.
Its end-to-end mannequin additionally gives FMCG suppliers with larger attain to retailers, direct advertising and marketing communication channels, and real-time knowledge to allow them for higher planning.
The startup raised US$1.1 million in funding late final yr, and has now been acquired by MNT-Halan, a “tremendous app” supplier that gives digital options, together with lending, purchase now pay later, e-commerce, funds, and mobility and on-demand logistics.
Disrupt Africa reported in September of final yr the corporate had secured a US$120 million funding by main international and regional development buyers to assist it develop, and including a digital FMCG providing to its service provider community tremendously enhances the corporate’s breadth and scope and will increase stickiness to its ecosystem.
“We’re blissful to have lastly reached the closing and are very a lot wanting ahead to rising our enterprise nationwide. Teaming with MNT-Halan gives us with intensive expertise and technological and monetary energy to permit us to quickly scale our operations. We’re thrilled to be a part of MNT-Halan’s imaginative and prescient and are excited to develop cross border with them,” Nassef mentioned.
“The acquisition of Talabeyah is one other step in our technique of constructing a complete digital ecosystem and is an ideal match for our two firms. Talabeyah has developed an elaborate on-line catalogue, signed contracts with the most important FMCG suppliers, and demonstrated strong execution of its operations. MNT-Halan will allow Talabeyah to scale nationwide by offering entry to tons of of hundreds of retailers and retailers, financing their prospects’ purchases and backing the agency with our 120 tech engineers. I’m excited to associate with Karim and his gifted crew to proceed to increase our product providing to Egyptian retailers and additional develop our mortgage ebook and margins,” mentioned MNT-Halan CEO Mounir Nakhla.