Zeal raises Seed funding round

Founded by Omar Ebeid, Bellal Mohamed, and Amr Mohamed in 2019, Zeal’s payment experience is inspired by Apple Pay’s experience. It allows users to connect a payment method to the Zeal app QR code and present it to a scanner in-store to pay and collect loyalty punches in the same transaction.

The startup is on a mission to end fragmented in-store customer experiences, including:
– unnecessary long cashier queues
– wasteful loyalty programs
– poor customer identification

Omar Ebeid, Founder, and CEO at Zeal, commented, “With financial inclusion prioritized by the Central Bank of Egypt and a population of 100M, Zeal is bringing Egyptians a seamless and rewarding mobile payments experience. We are targeting multi-sited food and beverage outlets, beauty salons, and barbershops that are serving affluent and tech-savvy consumers.”

Through Zeal, vendors receive a data analytics dashboard that tracks live spending at their branches, with the ability to forecast future customer spending using artificial intelligence. The dashboard enables vendors to view actionable insights to trigger consumer behavior, engage with customers through targeted offers, push notifications, and analyze customer data to increase their purchasing frequency and customer loyalty.”

Zeal will use the newly raised funds to grow its team and scale its operations in Egypt and the UK.