# TEMTEM HOLDING

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/temtem-holding

- Industry: Transportation Services
- Headquarters: Algiers, Algeria
- Website: www.temtem.taxi
- Total disclosed funding: $4M
- Latest round: Series A (Sep 25, 2019)
- Investors on record: 1

## About

Temtem Holding SAS operates a mobile application that rewards users with shopping vouchers for scanning receipts from purchases, enhancing customer loyalty and engagement across various retail locations in Algeria.Temtem Holding SAS was founded in 2017 and is headquartered in Algiers, Algeria. The company specializes in providing a mobile application that allows users to earn rewards by capturing receipt images from their shopping activities. CEO Kamel Haddar leads the firm, which has completed a total of 2 deals. In September 2019, Temtem raised USD 4 million in Series A funding from Tell Group and other investors. This funding marks the total amount raised by the company to USD 4 million.Temtem provides a mobile application that integrates a rewards system, allowing users to earn shopping vouchers by scanning their purchase receipts. The core service revolves around capturing receipt images through the Temtem app, which processes these images to issue vouchers based on users' shopping activities. This service aims to enhance customer engagement and loyalty by rewarding purchases made at physical retail locations. Temtem caters to a diverse customer base, including end-users shopping across various partner retailers and those seeking home-delivery options for food and shopping items, with operations spanning 58 wilayas across Algeria.Temtem's revenue model is structured around transactions facilitated through its application, where users earn rewards for engaging with partner retailers. The company establishes partnerships with various retailers, enabling seamless interactions between app users and physical stores. As users make purchases from participating merchants, they scan their receipts to generate vouchers for future transactions within the app or at associated retailers. The financial arrangements could involve commissions on sales generated through the app, aligning incentives for both Temtem and its partners. The app may also offer direct-to-consumer services such as digital recharge options and bill payments, diversifying revenue streams.Temtem plans to leverage its recent Series A funding of USD 4 million raised in September 2019 to enhance its application features and expand its market presence. The company aims to launch new functionalities aimed at improving user experience and engagement in the coming year. Additionally, Temtem is exploring opportunities for geographical expansion beyond Algeria, targeting neighboring North African markets by 2024. The funding will support these initiatives, which include investing in technology enhancements and marketing efforts to attract a wider user base.

## Funding rounds

- Series A, Sep 25, 2019, $4M — Tell Group

## Investors

- Tell Group (https://capitalatlas.ai/funds/tell-group) — Series A