Egypt’s Mobile Masr Raises $500,000 Seed Round

Egypt-based e-commerce platform Mobile Masr has raised $500,000 in seed funding from a team of angel investors based in the UAE and Qatar, in partnership with Intercap Capital Investment Bank.

The funds will be used to further consolidate MobileMasr’s presence as an e-commerce portal specializing in the sale of used mobile phones and tablets while expanding further with the launch of new innovative products and services.

MobileMasr was founded in 2021 by Wael El Ashry, as a deep-tech e-commerce marketplace dedicated to the sale of used and new mobile phones and tablets with a host of supporting services. The platform offers various payment solutions and nationwide shipping

Wael El Ashry, Founder and CEO of MobileMasr, said “Lack of trust is the biggest barrier to buying used phones online. By designing and developing mobile diagnostics software that checks and reports on the phone, we solved that problem on a commercial level, MobileMasr offers the transparency and security that was lacking in the online used phone space.”

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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

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