Egypt’s Mobile Masr raises $500,000 in a seed round

In partnership with Intercap Capital Investment Bank, a group of angel investors from the United Arab Emirates and Qatar gave Mobile Masr a seed round of $500,000. The startup plans to use the money to grow its operations and move into new business categories and verticals.

Wael El Ashry opened MobileMasr in 2021 as a high-tech online store where people could buy and sell used and new mobile phones and tablets, among other things. The platform has different ways to pay, and it ships all over the count.