Egyptian mobility help startup BlinkApp raises 6-figure pre-seed spherical

Cairo-based mobility help startup BlinkApp has raised a six-figure US greenback pre-seed funding spherical to finance its formidable growth plans.

Based in 2017 by Wael Noufal and Ahmed El-Mahdy, BlinkApp goals to attain higher normal driving behaviour, quicker roadside help, and safer roads.

The startup’s app captures and analyses 1000’s of miles of information by utilizing a smartphone’s sensors and AI expertise to watch driver behaviour, detect collisions, and generate insightful experiences to information and help prospects.

BlinkApp had already raised US$210,000 in equity-free grants from ITIDA by way of the ITAC programme, and has now secured a six-figure pre-seed funding spherical led by buyers positioned within the United Arab Emirates (UAE) and Saudi Arabia.

The funding shall be used to fund formidable growth plans, with BlinkApp aiming to onboard six million customers and attain US$5 million GMV transactions by 2025.

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