2 years ago

MobileMasr Secures $500,000 Seed Funding

  • MobileMasr, an Egyptian e-commerce platform specializing in used mobile phones and tablets, has raised $500,000 in a seed round led by Intercap Capital Investment Bank with participation from angel investors in the UAE and Qatar

  • The funding will be used to expand MobileMasr's presence and launch new products and services

  • MobileMasr was founded in 2021 by Wael El Ashry and offers various payment solutions and nationwide shipping.

      • ProblemTechnology

      "Lack of trust and transparency in the online used phone market prevents people from buying and selling devices with confidence."

      Solution

      "MobileMasr is a deep-tech e-commerce platform that provides a trustworthy marketplace for buying and selling used mobile phones and tablets by offering mobile diagnostics software that checks and reports on the phone's condition, ensuring transparency and security for buyers and sellers."

      Covered on