# Raseedi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/raseedi

- Industry: Software
- Headquarters: Cairo, Egypt
- Website: www.raseediapp.com
- Total disclosed funding: $0.4M
- Latest round: Seed (Dec 2, 2019)
- Investors on record: 3

## About

Based in Cairo, Egypt, and founded in 2018, Raseedi LLC operates as a provider of a dialler app, and smart wallet Raseedi, which is compatible with Android smartphones. The company was co-founded by Ahmed Atalla (CEO) and Samuel Samy, and as of 2021, the application has over 300,000 downloads and has more than 80,000 monthly users. In November 2021, Raseedi LLC raised USD 850,000 in venture funding from new investor SAMURAI INCUBATE, with participation from returning investors 500 Global, EFG EV Fintech, and Falak Startups.

The company develops and provides Raseedi, a smartphone dialer application for dual-sim users. It automatically selects the cheapest and most appropriate sim card to make the call, allowing customers to save money on their phone bills. The firm’s application can be used by both dual-sim, and single sim users for tracking their mobile call history, as well as internet consumption (wifi or mobile data). 
Raseedi is also a smart wallet, and it provides the best deals and daily offers in telecom, food, medicine, and appliances, helping customers in optimizing their expenses. The company’s application allows users to make free internet calls to any other member of the Raseedi network. Additionally, the application provides advance credit options for bill payments, and the users can earn loyalty points with every use and transaction made through the app.

## Funding rounds

- Seed, Dec 2, 2019, $0.4M — 500 Startups, EFG EV Fintech, Falak Startups

## Investors

- 500 Startups — Seed
- EFG EV Fintech — Seed
- Falak Startups (https://capitalatlas.ai/funds/falak-startups) — Seed