Mobile payment platform Zeal Reward closes six figure seed funding

EGYPT – Egypt-based mobile payments and loyalty platform Zeal Rewards has secured a six-figure seed investment from an angel investor to grow its team and scale its operations in the United Kingdom and Egypt. Founded in 2019 by Omar Ebeid, Bellal Mohamed, and Amr Mohamed, Zeal enables users to link different payment methods (e.g., bank debit cards — with their Zeal accounts) and then make in-store payments by presenting the app’s QR code to a scanner at the store. The scanner is provided (to merchants) by Zeal. The startup, incubated by UK-based…

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