Egyptian Startup Capiter launches its First Office in Dubai to attract New Investments

The Egyptian startup Capiter, specialized in e-commerce and information technology, announced its expansion in the United Arab Emirates with the opening of its first office in Dubai. This expansion marks the company's first step towards an extension in the Arab region.

It comes several weeks after receiving a $33 million investment in its first round of financing. the company's presence within the Dubai Global Financial Centre area allows it to be in close contact with the region's top financial leaders and investors.

“Building on our successful model developed in Egypt, which is one of the largest retail markets in the region, Capiter is starting its regional and international expansionist plans starting with the Dubai office, where the new opening will positively affect the company's position and presence in the ecosystem of regional and global start-ups, giving our employees the opportunity to work and interact with different markets and attract strong investment and new finance” Mahmoud Nouh, founder and CEO of Capiter.

Founded in July 2020, the company is an e-commerce platform aimed at connecting traders and small and medium-sized enterprises directly to suppliers, through a single platform, using cutting-edge technology and machine learning. It provides comprehensive service to customers so that they can apply for purchase and order a delivery service as well as provide an e-payment mechanism.

Capiter also helps brands and manufacturers gain important insights into the markets they serve, enabling them to access real data to improve their distribution strategies and increase competencies.