Hollydesk Raises $325,000 in a Pre-Seed Round

Hollydesk Raises $325,000 in a Pre-Seed Round

Hollydesk, a Cairo-based fintech startup, has announced that it closed a $325,000 pre-Seed investment round led by the angel investor Faisal Abdel Salam in participation with other investors.

Hollydesk is a fintech startup that manages and follows up on corporate expenses and accounts in Egypt to obtain financing. The startup was founded in June of 2021 and provides technology solutions to help SMEs monitor and control their daily expenses, moment by moment. Employees can request all cash and reimbursements through the Hollydesk app which connects all members of the company within their system. The app means that there can be instant communication with accountants and people can get approval on budgets quicker than using traditional methods. Also, there is any easy way to integrate suppliers, vendors and buyers on Hollydesk’s system.

Additonally, through the app, employers can transfer salaries to their employees using online banking or Fawry.

Mahmoud Moussa, Hollydesk’s CEO said to Al Mal: “We plan to use the new funding to develop our technology, hire new talent and grow the team. Additionally, we will launch other services in collaboration with leading Egyptian banks soon. These projects are in line with the Egyptian government’s plans to achieve financial inclusion, especially for those working in small and medium companies.”

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