Capiter Expands B2B eCommerce In The Middle-East
Capiter, a Cairo-based B2B eCommerce marketplace that brings together Manufacturers, wholesalers, and retailers on one platform, announced the opening of its new office in Dubai, UAE. The announcement marks the first step in the company’s plan for regional expansion and penetration of Arab markets, and a few weeks after raising an investment of $33 million […]
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Capiter, a Cairo-based B2B eCommerce marketplace that brings together Manufacturers, wholesalers, and retailers on one platform, announced the opening of its new office in Dubai, UAE.
The announcement marks the first step in the company’s plan for regional expansion and penetration of Arab markets, and a few weeks after raising an investment of $33 million in its first funding round.
Mahmoud Nouh, founder and CEO of Capiter said, “Capitalising on our proven successful model developed and refined in Egypt, which is one of the largest retail markets in the region, Capiter is embarking on its regional and international expansion plans starting with the Dubai office. The new opening will positively impact the company’s position and presence in the startup ecosystem both regionally and globally, providing our employees with the opportunity to work and interact with different markets and attract strong investments and new financing.”
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The company’s presence within the Dubai International Financial Centre (DIFC) zone allows it to be at the center of the region’s financial leaders and investors. The new office has already been up and running for six weeks and already has 30 employees operating on its premises.
“Our plans for regional expansion goes in parallel with our local growth perspective as we gear up to open a new office in Cairo soon. Our teams will be fully onboard across all offices to ensure smooth operations for all our stakeholders,” said Mahmoud.
Capiter provides micro, small, medium and enterprise (SME) businesses with a single platform that allows retailers to order a wide range of inventory, obtain delivery, and access an embedded BNPL solution all from a single platform. Using cutting edge technology and machine learning, the Capiter solution also helps brands and manufacturers to gain critical insights into the markets they serve, enabling them to access real data to refine their distribution strategies and increase efficiencies.
