Z eal Raises $4 Million in Funding for Expansion into EMEA Markets
Egyptian fintech startup Zeal has recently announced that it has secured $4 million in funding to support its expansion into the European, Middle Eastern, and African (EMEA) markets. The funding round was led by venture capital firms Raed Ventures and Cur8 Capital, along with the participation of angel investors.
Enterprise Investment Scheme Tax Relief Advanced Assurance
Prior to this funding round, Zeal received an Enterprise Investment Scheme (EIS) tax relief advanced assurance from the United Kingdom’s tax authority, HM Revenues and Customs (HMRC). This designation allows Zeal to qualify for the tax benefits associated with the EIS.
Enhancing Customer Engagement through AI
Omar Ebeid, CEO of Zeal, stated that the raised capital will be utilized to enhance the company’s customer engagement efforts. Zeal aims to leverage artificial intelligence (AI) to revolutionize retail customer engagement on a global scale and connect billions of customers with millions of retailers.
Positive Outlook for Zeal’s Product
Wael Nafee from Raed Ventures expressed confidence in Zeal’s “holistic product” and its potential to become a crucial solution for payment service providers and point of sale (POS) machines worldwide.
Hot Take: Zeal Boosts Global Customer Engagement with AI
Z eal, the Egyptian fintech startup, has successfully raised $4 million in funding to support its expansion into the EMEA markets. Led by Raed Ventures and Cur8 Capital, this funding round validates Zeal’s potential as a global player in retail customer engagement. With the assistance of advanced AI technology, Zeal aims to transform the way retailers interact with their customers, aiming to connect billions of customers with millions of retailers worldwide. This funding also marks a significant milestone in Zeal’s journey towards becoming an essential solution for payment service providers and POS machines globally.
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