MENAbytes

The firm plans to go online in Europe too.

Mobilexpress claims to be one of the largest online payment platforms in Turkey processing nearly 10 million transactions per month.

As the leading player in Egypt’s payments space, Fawry is receiving a lot of interest from investors.

Focusing on people-stage investments, the fund eyes underexplored opportunities in emerging regions.

The e-commerce began by carrying products for women, but expanded to include men’s fashion last year.

The company digitized money circles, which offer are a convenient, conventional way for people to save money in Arab countries.

The company currently employs about 120 people spread across its offices in Saudi Arabia, Egypt, India, and Pakistan.

Shorooq Partners counts companies like Pure Harvest, Trukker, Souqalmal, Sarwa, and Munchon in its portfolio.