Flextock, an e-commerce logistics company founded in Egypt, has raised $12.6 million in a Series A funding round. The round was led by TLcom Capital, with support from Conjunction Capital and Capria Ventures, along with several other investors.
Flextock was started in 2021 by Mohamed Mossaad and Enas Siam. They built the company to help online businesses manage their operations more easily.
Flextock offers a single platform that handles many services in one place. These include order fulfilment, last-mile delivery coordination, support for cross-border selling, access to sales channels, and even financing for merchants.
The company currently works in Egypt and Saudi Arabia. It helps sellers in these markets manage their shipping, sales, and cash flow using one connected technology system.
Flextock will use the new funding to grow its operations in Egypt and Saudi Arabia. It also plans to improve its technology and add more features to its platform.
The company wants to combine fulfilment, shipping, international expansion and financing into one simple system. Its goal is to reduce confusion and make e-commerce operations smoother for businesses.
Flextock offers different tools to help online sellers. Flextock helps with fulfilment and managing inventory. Flexship manages last-mile deliveries. Flexborders supports cross-border trade. Flexshops gives sellers access to online marketplaces. Flexcash provides financing to merchants based on their business data.
Online shopping is growing quickly across the MENA region. As more businesses move online they need better logistics and financial support to grow smoothly.
Flextock aims to become a strong support system for small and medium-sized businesses (SMEs). It helps them manage logistics and get working capital so they can expand to new markets without spending too much on fixed costs.
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