To spur regional expansion, Moroccan e-commerce startup Justyol raised $1 M
Justyol, a Moroccan cross-border e-commerce platform, has raised $1 million in debt and equity to support regional scaling, deeper market penetration, domestic growth, and Series A round preparations.
Justyol is a fashion e-commerce platform that connects the Turkish and MENA fashion markets. It was founded in 2022 by Ahmed Badran, Ahmed Rashed, and Anas Ahmed.
US$600,000 in inventory financing from Turkish investment firm Danis Group and US$400,000 in equity from an angel investor make up the startup’s US$1 million strategic funding and financing package.
To support Justyol’s growth on several fronts, including increasing its operational capacity and improving its sales capabilities, the funds will be carefully distributed. A sizeable percentage will go toward extensive marketing initiatives meant to increase market share in Morocco and expand regionally.
“The confidence shown by our angel investor and the strategic inventory financing partnership with Danis Group reflects the broader ecosystem’s recognition of Justyol’s unique position in the market,” said Ahmed Badran, co-founder and CEO of Justyol.
“We are building more than just a platform; we are creating the infrastructure that will define the future of cross-border commerce in North Africa, serving hundreds of thousands of customers with unprecedented access to global products at competitive prices.”
