OneOrder, an Egyptian logistics startup providing food ingredients and its related supplies to restaurants, signs a EGP 125m partnership deal with Contact Financial Holding.
This 125m EGP working facility has been signed with Contact Factor, a subsidary of the Egyptian non-banking financial services company Contact Financial Holding.
“This is an important step in serving digital platforms and a testament to the company’s efforts towards empowering the entrepreneurship and tech-based startup ecosystem in Egypt.” said Mr. Said Zatar, CEO of Contact Financial Holding.
This fund, being part of Contact’s plan to expand across various sectors, will be used by OneOrder to expand their offering and geographic reach.
“We are glad to cooperate with Contact, a leading name in Egypt’s financing sector with more than 20 years of experience. This cooperation will undoubtedly enable us to deliver high-quality products and help finance our customers’ working capital to overcome their supply chain issues. We are well aware of the gaps in the HORECA supply chain, not only in Egypt but across the MENA region. We look forward to filling this gap,” said Tamer Amer, CEO of OneOrder.
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