Agri-Fintech Mozare3 closes pre-seed funding round led by Algebra Ventures

EGYPT – Egyptian Agri-Fintech platform Mozare3, has closed a seven-figure pre-seed funding round led by Algebra Ventures and Disruptech Ventures, with participation from EFG-EV, and a group of reputable angel investors. Mozare3 aims to roll out multiple fintech offerings, one of which is the launch of credit solutions to finance purchases of different products for farmers and their families. Mozare3 was founded in 2020 by Hussein Abou Bakr and Tamer El-Raghy to serve over 20 million small farmers in Egypt by providing them with access to markets and credit. They…

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