UAE’s Yango Group Backs Fincart in $2.8 Million Seed Funding Round

Yango Group, a UAE-based technology company, has invested in Egyptian e-commerce platform Fincart through its corporate venture fund, Yango Ventures, as part of Fincart’s oversubscribed $2.8 million seed funding round. The investment will support product development, team expansion, and new commercial partnerships as the startup prepares to enter additional markets across the Middle East, North Africa, and Africa.

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Founded by Mostafa Masry and Nihal Ali, Fincart provides an AI-powered platform that helps e-commerce businesses manage shipping, cash reconciliation, customer engagement, and access to working capital. The platform integrates with more than 40 shipping providers and currently serves over 450 merchants, having facilitated deliveries worth nearly EGP 1 billion (approximately $20 million).

Yango Ventures, a $20 million corporate venture fund, said the investment aligns with its strategy of supporting startups that build digital infrastructure for small and medium-sized businesses in emerging markets. Beyond funding, Yango will provide Fincart with product, technology, and scaling expertise as the company prepares for regional expansion in 2027.