Hollydesk, an expense management platform in Egypt, raised $1 million in venture debt financing to help Egyptian small and medium-sized businesses (SMBs) in manage and track their daily expenses.
The funding will be used to expand Hollydesk’s offerings and reach more companies needing efficient expense management solutions.
“Our mission is to help small and medium-sized businesses focus on what they do best by streamlining their expense management processes. With this new funding, we can expand our reach and help even more companies across Egypt,” Mahmoud Moussa, CEO of Hollydesk, said.
Founded in 2020 by Mahmoud Moussa, the startup provides a suite of tools that allow companies to easily track and manage expenses, automate approval workflows, and generate reports to analyze spending patterns.
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