z.systems raises $1.65 mn seed round to digitise retail in Morocco
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Morocco-based retail tech startup z.systems has raised $1.65 million in seed funding to digitize traditional retail markets. The funding will support the company's growth strategy across Morocco and wider African markets.
Morocco-based retail technology startup z.systems has secured $1.65 million in seed funding. The round was led by Azur Innovation Management, with participation from existing investors MNF Ventures and Witamax, and new investor Harambeans Prosperity Fund. z.systems operates a B2B2C tech franchise for traditional retailers, connecting brands, retailers, and consumers. The platform has onboarded over 20,000 retailers, facilitated 900,000 orders, and maintains a 95% positive rating. The funding will support z.systems' growth strategy, digitizing Morocco's traditional retail ecosystem. The company is also supported by the European Bank for Reconstruction and Development and Amazon Web Services.
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