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TechCabal Daily – Sending money out of Africa can be sweet

Explain your job to a five-year-old I help people do a bunch of everyday activities (like moving around their cities) more effectively using technology. What’s the first career you dreamed of having as a kid? I remember dreaming about being a physicist early on. I was really captivated by cosmology and the universe growing up, and in many ways, I still am. What s something you wish you knew earlier in career/life? Be the river, not the boat. What s the best advice you ve ever received in your career? Always be learning and if you re no longer learning, do something else. Take time to appreciate and enjoy every stage of the journey you can t control everything, but you can control how you react. Grow where you re planted take advantage of your unique circumstances, background, and personal expertise to make a unique impact.

Flextock raises $3 25 million pre-Seed round

Flextock raises $3.25 million pre-Seed round Egypt-based e-commerce logistics marketplace Flextock, has raised a $3.25 million pre-Seed funding round from regional investors including Egypt-based Foundation Ventures, Saudi Arabia-based Jameel Investment Management Company, UAE-based Access Bridge Ventures, along with undisclosed angel investors in the GCC.  Global investors in this round include China-based MSA Capital, South Africa-based CRE Venture Capital, US-based Alter Global, YC Combinator, logistics firm Flexport, and B&Y Venture Partners. This is in addition to a personal investment from a Sequoia Capital scout. Founded in early 2021 by Mohamed Mossaad and Enas Siam, Flextock offers a logistics-as-a-service platform that provides fulfillment services to e-commerce businesses. It has so far signed more than 100 merchants on its platform and includes 5000 stock-keeping units (SKUs).

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