Maad operates an end-to-end distribution platform that offers B2B ecommerce solutions for informal retailers of fast-moving consumer goods. The platform enables retailers to easily restock their inventory from partner suppliers at affordable costs. Maad raised $3.2 million in debt and equity seed funding. The startup plans to channel the funding into expanding its coverage to other parts of Africa and also introduce a Buy Now Pay Later service.
| Date | Round | Amount | Lead |
|---|---|---|---|
| 21 Gicurasi 2024 | $3.2M | — | |
| 19 Kamena 2023 | $218K | — |