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Mobile Masr raises $500,000 Seed round

Startups 17 May 2023 332 Views

Mobile Masr was founded in 2021 by Wael EI Ashry, it’s offering a marketplace for second-hand electronics and mobile phones and provides an extensive range of payment methods and delivering among nationwide. 

Mobile Masr has planned to utilize the funds to grow its functions. While extending to new business categories and perpendicular. Further, the funds will be utilized to converge MobileMasr’s existence as an e-commerce portal expert dealing with second-hand tablets and mobile phones. While introducing the new creative services and products. 

Wael El Ashry, Founder and CEO of MobileMasr, said “Lack of trust is the biggest barrier to buying used phones online. By designing and developing mobile diagnostics software that checks and reports on the phone, we solved that problem on a commercial level, MobileMasr offers the transparency and security that was lacking in the online used phone space.” 

Mobile Masr is a platform providing multiple options of solutions. It is shipping across the countrywide and it delivers with a return policy and credible warrant.

Rafik Dalala, Managing Director of Intercap Capital said “Intercap Capital Cairo Office was established as an affiliate of Intercap Capital in Montreal Canada to assist companies and Tech Startups in their transactions and funding rounds. We are always on the lookout for bold ideas that can deliver on an enterprise scale and are pleased to have partnered with Wael El Ashry and MobileMasr. We look forward to leading the next funding rounds of MobileMasr and to helping grow the business further in Egypt and beyond.”

Mobile Masr, an Egypt-based e-commerce organization is delivering used mobile and electronics and providing multiple options of solutions. 

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