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# Egypt's Maxab raises $40 million in Series A round
- URL: https://www.techloy.com/egypts-maxab-raises-40-million-in-series-a-round/
- Published: 2021-07-07T13:27:16.000Z
- Updated: 2021-07-07T13:27:16.000Z
- Description: The Series A round was led by RMBV, a North Africa-focused impact investor.
- Author: Techloy
- Tags: / Money, / Startups

Egypt-based B2B eCommerce platform, [Maxab](http://maxab.io) has closed $40 million in a Series A round led by RMBV, a North Africa-focused impact investor, to be used to expand across Egypt and scale its recently launched verticals including new supply chain and embedded finance solutions.