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Tanzania's Sumet Nets USD 1.5 M Pre-Seed To Scale FMCG Solution

Summary by WeeTracker

Tanzanian FMCG distribution startup Sumet Technologies has raised USD 1.5 M in a pre-seed funding round, combining equity and debt financing from investors, including ABAN, Catalytic Africa, and an Egyptian angel syndicate. The startup plans to close a seed round within the next 12 months. Founded in 2022 by Hazem Afify (CEO), Abdallah Omar (CCO), and Mahmoud Tawfik (CTO), Sumet is tackling one of Africa’s biggest challenges: Efficient market en…

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Tanzania's Sumet Nets USD 1.5 M Pre-Seed To Scale FMCG Solution

Tanzanian FMCG distribution startup Sumet Technologies has raised USD 1.5 M in a pre-seed funding round, combining equity and debt financing from investors, including ABAN, Catalytic Africa, and an Egyptian angel syndicate. The startup plans to close a seed round within the next 12 months. Founded in 2022 by Hazem Afify (CEO), Abdallah Omar (CCO), and Mahmoud Tawfik (CTO), Sumet is tackling one of Africa’s biggest challenges: Efficient market en…

1 day ago

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WeeTracker broke the news in 1 day ago on Friday, April 4, 2025.

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