Egypt: Zeal Raises $10m to Expand Payment-Terminal Network

Egypt-founded payments company Zeal has raised $10 million to expand its software across payment terminals in several markets, taking total funding to $14 million. The company did not disclose investors in the round. Zeal plans to use the money to activate contracts covering more than 4 million card machines over the next 24 months.

Founded in 2019 by Omar Ebeid and Belal Mohamed, Zeal builds software that connects payment terminals with loyalty programs and customer data. Its technology allows…