Sudanese classifieds platform alsoug raises $5m funding; round includes Egyptian unicorn Fawry

Sudanese classifieds platform alsoug raises $5m funding; round includes Egyptian unicorn Fawry

Sudanese classifieds and marketplace platform alsoug has raised US$5 million in Series A funding in a round that includes Egyptian fintech unicorn Fawry. Founded in 2016, alsoug is Sudan’s largest classifieds platform, and the startup has raised a US$5 million Series A funding round in order to build out an associated fintech platform, Cashi. “From our earliest beginnings…

A classifieds startup Alsoug receives Sudan’s first foreign tech investment in over 25 years
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A classifieds startup Alsoug receives Sudan’s first foreign tech investment in over 25 years

Sudanese classifieds startup, alsoug has received a $5 million investment co-led by Egyptian fintech company, Fawry. The investment is the first foreign investment into the Northern African country since sanctions were lifted in 2020. alsoug is Sudan’s largest classifieds marketplace and allows consumers to buy and sell products including real estate, cars, electronics, and furniture as well…