Justyol, the Morocco-based cross-border e-commerce platform, has announced it has closed a $1 million funding and financing package. The package includes $400,000 in equity from a private angel investor and $600,000 in inventory financing from Turkish investment firm Danis Group. The transaction was facilitated by Nomadic Minds.
“We are building more than just a platform; we are creating the infrastructure that will define the future of cross-border commerce in North Africa,” said Ahmed Badran, Co-Founder and CEO of Justyol.
How the Funding Will Be Used
The company plans to use the funding to:
- Scale operations by expand its team and systems to handle increased demand.
- Sales and customer support to have enough capacity to serve its 250,000 active users better.
- Marketing efforts to expand its market penetration in Morocco.
- Regional expansion into new North African markets as part of its MENA growth strategy.
Justyol has grown tremendously reaching more than 250,000 active customers and over 30,000 monthly orders over the past year. This represents a 300% year over year growth. The startup has also integrated with global platforms including AliExpress, Trendyol and expanded delivery capacity through partnerships with Aramex, Cathides and Colis Privé.
Preparing for Series A
Justyol is now preparing for a Series A round. According to Co-Founder & Chief Growth Officer Ahmed Rashed, the new support “provides both the capital and operational backing to accelerate expansion across North Africa.”
The company plans to strengthen its logistics capabilities to ensure faster, more reliable deliveries, a move Co-Founder and Head of Logistics Anas Ahmed says is central to its growth ambitions.
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