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Egyptian B2B SaaS startup Qme has successfully raised $3 million in a seed funding round led by multisector technology company AHOY, with participation from angel investors in the Gulf Cooperation Council (GCC) region.
The Cairo-based company plans to utilize the capital to enhance its technology stack, expand its operational reach, and establish strategic partnerships.
Founded in 2022 by CEO Maged Negm, Qme offers an AI-powered digital infrastructure that integrates booking, queuing, analytics, and payment solutions. The platform addresses inefficiencies in customer interactions across various sectors in the Middle East and North Africa (MENA) region. Since its commercial launch in the fourth quarter of 2023, Qme has served over 100,000 customers in healthcare, banking, and government sectors, reducing average waiting times from 116 minutes to just 14 minutes. Additionally, the platform has decreased phone booking no-show rates to below 1% and transitioned paper-based queuing systems to digital alternatives, saving an estimated 50,000 square meters of paper.
The collaboration with AHOY is expected to provide Qme with access to advanced technology and extensive market expertise across logistics, aviation, and traffic management. AHOY’s CEO and co-founder, Jamil Shinawi, has joined Qme’s advisory committee, reinforcing the startup’s mission to streamline customer experiences and eliminate inefficiencies.
Qme is also part of AHOY’s Startup Builder Initiative, which aims to empower 10,000 entrepreneurs and support 30,000 software developers across the MENA region by 2030.
With this funding, Qme is poised to redefine how businesses and governments interact with customers, creating seamless, tech-driven experiences and positioning itself as a key player in the region’s digital transformation journey.
Read more on Tech Gist Africa:
Taager, an Egyptian social commerce startup Secures $6.75M in Pre-Series B Funding
Khazna, an Egyptian fintech startup, has raised $16 million in its pre-Series B funding round
Foundation Ventures launches a $25 million fund to boost Egypt’s startup ecosystem
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