Egyptian fintech startup Zeal raises $4m funding round

Egyptian fintech and customer loyalty app Zeal has closed a US$4 million funding round to help it increase its footprint into the wider MENA market. Founded in 2019 by Omar Ebeid, Zeal offers payment solutions to retailers and other offline businesses to improve in-store customer engagement and brand loyalty. This funding will further Zeal’s reach and impact, enhancing its existing payment acquirers portfolio and ease of integrating with POS terminals globally. “The global payment acquiring space is hungering for value-added service disruptors that can propel the next phase of innovation. We believe that Zeal’s holistic product is a key innovative solution to payment service providers and POS manufacturers globally,” he said.