In Egypt, small firms, including mom-and-pop stores, make up about 90% of local food and grocery sector, with the “Walmarts and the Walgreens of Egypt only representing a very tiny portion of the market,” says Belal el Megharbel, co-founder and CEO at Cairo-based business-to-business (B2B)...
Today in B2B payments, Oracle works with J.P. Morgan and FedEx to automate B2B commerce, Paysafe and HotelKey partner to streamline hotels’ transactions, and Visa and Thunes team up on cross-border payments. Plus, MaxAB raises $40 million, while Moneff acquires StormPay. Oracle B2B Commerce to...
Today in Europe, the Middle East and Africa, Deliveroo announced the date for its withdrawal from the Dutch market, and Egyptian B2B marketplace MaxAB announced plans for regional expansion following the close of a $40 million pre-Series B round. Deliveroo to Exit Dutch Market in...
The Cairo-based B2B eCommerce and distribution business MaxAB on Wednesday (Oct. 19) announced the close of a $40m pre-series B funding round to fuel its expansion across the Middle East, North Africa and Pakistan (MENAP) region. The round included new investors Silver Lake, British International...
November 29, 2022
In Egypt, small firms, including mom-and-pop stores, make up about 90% of local food and grocery sector, with the “Walmarts and the Walgreens of Egypt only representing a very tiny portion of the market,” says Belal el Megharbel, co-founder and CEO at Cairo-based business-to-business (B2B) eCommerce startup MaxAB. But despite the significant size of the […]
December 22, 2023
MaxAB, an Egyptian B2B eCommerce startup, and Wasoko, a Kenya-based eCommerce player, are reportedly in talks to merge their operations. The talks are ongoing and a deal has not been finalized, TechCrunch reported Friday (Dec. 22). Neither MaxAB nor Wasoko immediately replied to PYMNTS’ request for comment. The merger comes at a time when B2B […]
