Sudan E-Commerce Site Gets Fawry’s Support in Landmark Fundraise

Sudan’s largest digital classifieds and marketplace company secured $5 million in funding, the biggest foreign investment in the African nation’s tech sector since the U.S. lifted its final major restrictions last year. will put the funds toward setting up a national payments network that will allow users to deposit, withdraw and transfer cash, the company said Tuesday in a statement. The site, founded in 2016, lists items such as real estate, cars and furniture as well as job openings and services.
The deal was co-led by Egyptian e-payments firm Fawry for Banking & Payment Technology Services SAE, which took a minority stake in, marking its first investment outside its home country.

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