Is zVendo the ‘Shopify of the Middle East’?

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zVendo is a platform that allows businesses without in-house developers to launch a fully functioning online store. The company was founded in 2018 and has just secured a pre-Series A round from Mobica and Gratus Holding. The company also raised a seed round in March 2021 led by EFG EV Fintech. None of the funding amounts were disclosed.

The company targets companies from small merchants to larger enterprises. The common denominator is they want a turnkey solution that doesn’t require a developer. zVendfo has a SaaS-based pricing model ranging from free to a platinum version for LE4499 (US$287). We presume the pricing is monthly. The free version takes a 5% commission on sales, while the platinum version is commission-free.

One of zVendo’s new investors made the inevitable comparison to a certain global eCommerce powerhouse.

"We only invest in businesses with leading technology and a promising future, and zVendo has both. We see zVendo as the Shopify of the Middle East, having great potential in the region,” said Bishoy Azmy, Founder of Gratus Holding and CEO of ACGC.

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