Raseedi

Cairo, Egypt Founded: 2019 • Age: 7 yrs
Financial advice for payments and savings is offered.
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Annual revenue - Latest available
Total funding $1.2M 2 rounds
Employees - Tracked headcount
Investors 4 Known backers
Products 3 Services tracked
Competitors 3 Brand Intelligence

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
  • Sectors
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Raseedi Bv Holding
Operational Areas
Technology → Marketing, Adtech & Commerce Technology → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $1.25 M (USD)

    in 2 rounds

  • Latest Funding Round
    $850 K (USD), Seed

    Nov 30, 2021

  • Investors
    Samurai Incubate

    & 3 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
    Kashat

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Products & Services of Raseedi

Raseedi offers a comprehensive portfolio of products and services, including Raseedi Dialer, RaseediKash, and RaseediPay.

Primary

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 Rounds 2
  • Last Round Seed — $850,000
  • First Round

    (02 Dec 2019)

  • Investors Count 4
Date Amount Transaction Name Valuation Lead Investors Investors
Nov, 2021 Amount Seed - Raseedi Valuation

investors
500 Global , EFG EV Fintech
Dec, 2019 Amount Seed - Raseedi Valuation

investors
500 Global , Falak Startups

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.

All
Venture Fund
Investor Description Founded Year Domain Location
500 Global
Venture capital and acceleration are provided to tech startups.
Founded Year Domain Location
EFG EV Fintech
-
Founded Year Domain Location
Falak Startups
Support is provided to Egyptian tech startups for growth.
Founded Year Domain Location

Investments & Acquisitions by Raseedi

Raseedi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Kashat.

Investments
Acquisitions
Company Name Description Domain Location Founded Year Amount
Kashat
Business loans are provided through an Android app platform.
2019

Financial Statements - Raseedi

Raseedi Comparisons

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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.

Company Name Domain Founded year HQ Location Description
Wafra
domain founded_year HQ Location
Long-term financial planning and advisory services are delivered online.
Du Invest
domain founded_year HQ Location
App-based platform for individual investment advisory services.

Latest news on Raseedi

Kashat acquired by Egypt’s Raseedi to broaden financial offerings
Incubees • 1 year ago
Raseedi, an Egyptian startup, has raised $850,000 in a pre-series A funding round
Techgistafrica • 4 years ago
Raseedi raises $850,000 in pre-Series A
Wamda • 4 years ago

Frequently Asked Questions about Raseedi

Raseedi was founded in 2019.

Raseedi is headquartered in Cairo, Egypt.

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.

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.

Raseedi's top competitors include Wafra and Du Invest.

Raseedi offers Raseedi Dialer, RaseediKash, and RaseediPay.

Raseedi has made 1 acquisition, including Kashat.

Raseedi has 4 investors. Key investors include Samurai Incubate, 500 Global, EFG EV Fintech, and Falak Startups.

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