Three Egyptian startups are among the 12 companies from across the MENA region selected to join the Techstars Riyadh accelerator, which provides US$120,000 in funding and other scaling support. Run in partnership with Saudi Arabia’s Ministry of Communications and IT (MCIT) and Raed Ventures, Techstars Riyadh invests US$120,000 in each selected company and provides hands-on mentorship and access to the Techstars network. Three Egyptian startups are included in the latest cohort, which also includes startups from the likes of Saudi Arabia, Jordan, and the United Arab Emirates (UAE). For Tegarti, the selection for Techstars Riyadh coincided with the full launch of its platform, after an April soft-launch that saw its app receive more than 3,000 downloads from Egypt and other countries across the MENA region. However, the company provides a unified experience for its point of sale, which is a crucial point for the user experience.

Source: The North Africa Journal November 22, 2021 07:09 UTC