Funding

Userguest, a Moroccan startup focused on helping hotels optimise their direct revenues, has successfully raised EUR2.2 million (US$2.4 million) in seed funding. The fresh capital will be directed towards accelerating the company's growth and driving innovation in its product offerings.

Egyptian B2B fintech startup SETTLE has successfully raised $2 million in a pre-seed funding round. The company is now poised to accelerate its transition into global markets while further developing its platform.

With the new funding, Farid is set to accelerate its growth by expanding its platform, developing new educational content, and hiring additional employees and trainers. The startup also aims to broaden its geographic reach by entering markets in Saudi Arabia and the UAE.

This latest round of funding, led by Rally Cap with participation from Techstars, DCG, Musha Ventures, Africa Fintech Collective, and a group of angel investors, will enable Regfyl to scale its operations and workforce, while also expanding its product offerings.