Zeal is pleased to announce the completion of a $4 million funding round, led by Cur8 Capital and Raed Ventures, with strategic angel investors. The objective of this capital infusion is to broaden Zeal’s inventive technological solutions throughout the European Union, subsequent to its latest entry into the UK market.
Zeal’s core product is the SmartPOS Plugin, which redefines the fundamentals of payment intelligence and in-store customer engagement. Their ground-breaking technology changes how physical retailers interact with and keep their customers by allowing credit card machines to recognize, categorize, and retarget in-store shoppers.
Through partnerships with industry leaders like Ingenico and Network International, as well as accolades like the Visa Everywhere Initiative, the fintech startup has already made substantial strides in the payments sector. Zeal will benefit from increased reach and impact as a result of this funding, along with an improved portfolio of current payment acquirers and simplified global POS terminal integration. The management group also discussed how they intend to develop sophisticated data and analytics solutions for the telecom and FMCG industries.
Founder and CEO Omar Ebeid expressed excitement about the future: “This investment will accelerate our journey towards utilizing AI to revolutionize retail customer engagement on a global scale. We are committed to broadening our impact, with a focus on connecting billions of customers with millions of retailers.”
Wael Nafee from Raed Ventures added, “We’re very excited to back Omar and the team at Zeal with an Egypt & MENA-based team building a global first product offering. The global payment acquiring space is hungering for value-added service disruptors that can propel the next phase of innovation. We believe that Zeal’s holistic product is a key innovative solution to payment service providers and POS manufacturers globally.”
Zeal is well-positioned to spearhead the transition into the top Value-Added Service provider for payment acquirers and merchants worldwide, thanks to its solid foundation and well-defined vision.
