back Back

FinTech Zeal secures $4m funding to expand its technology solutions

By Delisha Fernandes

January 24, 2024

  • Cur8 Capital
  • fintech Egypt
  • Fintech news

Zeal, funding round, Raed Ventures, Cur8 Capital, Ingenico, Network International, FinTech Egypt, FinTech newsZeal, an Egypt-based FinTech and customer loyalty app, has raised $4 million funding round led by RAED Ventures and Cur8 Capital, along with strategic angel investors.

This capital injection is aimed at expanding Zeal’s innovative technology solutions across the EMEA region, following its recent expansion into the UK market.

Omar Ebeid, the Founder and CEO of Zeal, said, “This investment will accelerate our journey towards utilizing AI to revolutionize retail customer engagement on a global scale. We are committed to broadening our impact, with a focus on connecting billions of customers with millions of retailers.”

Central to Zeal’s product offering is the SmartPOS Plugin, redefining the very essence of in-store customer engagement and payment intelligence. Their revolutionary technology enables credit card machines to identify, segment, and retarget in-store customers, transforming the way physical retailers engage with and retain their clientele.

The FinTech startup has already made significant progress in the payments industry by partnering with  entities like Ingenico and Network International. This funding will further Zeal’s reach and impact, enhancing their existing payment acquirers portfolio and ease of integrating with POS terminals globally. The management team also shared their plans to build advanced data & analytics solutions for FMCGs and Telecom sectors.

Wael Nafee, General Partner at RAED Ventures, said, “We’re very excited to back Omar and the team at Zeal with an Egypt & MENA-based team building a global first product offering. The global payment acquiring space is hungering for value-added service disruptors that can propel the next phase of innovation. We believe that Zeal’s holistic product is a key innovative solution to payment service providers and POS manufacturers globally.”

Previous Article

January 24, 2024

By 2025, the UAE debt capital market is expected to reach $300bn

Read More
Next Article

January 24, 2024

Juuli unveils program to promote Freelancer Invoicing solutions

Read More

IBSi Daily News Analysis

Merchants, payments, UAE

July 15, 2024

Cur8 Capital

Global wealth growth rebounds with major shifts expected by 2030, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


FREENOW & Alipay+ join forces to boost travel experience for Asian tourists

Read More


Flipkart & BillDesk launch 5 new digital payment offerings & categories

Read More


Qashier unveils Treats, an automated payment-linked loyalty solution

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024