About Raseedi
Raseedi is a company based in Cairo (Egypt) founded in 2019 by Samuel Abd El Malak.. Raseedi has raised $1.25 million across 2 funding rounds from investors including Samurai Incubate, 500 Global and EFG EV Fintech. Raseedi has completed 1 acquisition, including Kashat. Raseedi offers products and services including Raseedi Dialer, RaseediKash, and RaseediPay. Raseedi operates in a competitive market with competitors including Wafra and Du Invest, among others.
- Headquarter Cairo, Egypt
- Founders Samuel Abd El Malak
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Raseedi Bv Holding
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.25 M (USD)
in 2 rounds
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Latest Funding Round
$850 K (USD), Seed
Nov 30, 2021
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Investors
Samurai Incubate
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Raseedi
Raseedi offers a comprehensive portfolio of products and services, including Raseedi Dialer, RaseediKash, and RaseediPay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for making free calls and earning loyalty points.
Service for instant cash loans with minimal documentation.
Platform for recharges, bill payments, and cashback rewards.
Funding Insights of Raseedi
Raseedi has successfully raised a total of $1.25M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $850 thousand completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $850,000
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First Round
First Round
(02 Dec 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Raseedi | Valuation |
investors |
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| Dec, 2019 | Amount | Seed - Raseedi | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Raseedi
Raseedi has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Samurai Incubate, 500 Global and EFG EV Fintech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and acceleration are provided to tech startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Support is provided to Egyptian tech startups for growth.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Raseedi
Raseedi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Kashat. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Business loans are provided through an Android app platform.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Raseedi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Raseedi Comparisons
Competitors of Raseedi
Raseedi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wafra and Du Invest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Long-term financial planning and advisory services are delivered online.
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| domain | founded_year | HQ Location |
App-based platform for individual investment advisory services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Raseedi
Frequently Asked Questions about Raseedi
When was Raseedi founded?
Raseedi was founded in 2019.
Where is Raseedi located?
Raseedi is headquartered in Cairo, Egypt.
Is Raseedi a funded company?
Raseedi is a funded company, having raised a total of $1.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $400K, raised on Dec 02, 2019.
What does Raseedi do?
Raseedi was founded in 2019 in Cairo, Egypt, as a fintech company focused on financial advisory services. Operations include free calls over WiFi or data, daily saving codes, and options for credit and bill payments. The platform supports users in managing everyday financial needs through accessible tools, primarily serving the Egyptian market with digital solutions for savings and transactions.
What products or services does Raseedi offer?
Raseedi offers Raseedi Dialer, RaseediKash, and RaseediPay.
How many acquisitions has Raseedi made?
Raseedi has made 1 acquisition, including Kashat.
Who are Raseedi's investors?
Raseedi has 4 investors. Key investors include Samurai Incubate, 500 Global, EFG EV Fintech, and Falak Startups.
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