TechCabal Daily – Egypt’s Brimore raises $3.5 million pre-Series A funding

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Source Beauty, an Egyptian ecommerce platform has raised undisclosed pre-seed investment from 500 Falcons, a startup fund created by 500 Startups for North Africa and the Middle East. The two-year-old cosmetics retailer will use the new funding to expand its team and invest in new technology, especially data analytics.

In Zimbabwe, Econet Group and Cassava Smartech have imported 100,000 test kits to help ramp up Covid-19 testing in the country. The Southern African country has been in lockdown for the last six weeks and has so far recorded 36 cases of the disease. Imported in partnership with Higherlife Foundation, an NGO, the new kits will be used to test staff of Econet and Cassava, as well other individuals and corporate employees. They will offer free tests to low-income earners and employees of a few selected companies. Everybody else will pay $25 to get tested.

Phishing emails and scams are still rampant as hackers leverage different opportunities to attack people. Their plan is to trick people to open malicious emails, get them to click particular links then infect their computers with malware. Recently, they’ve stepped this up. According to Check Point Research, hackers are increasingly acquiring new domain names and posing as Google Meet, Zoom and Microsoft Teams-URL. Other hackers are sending emails masquerading as the World Health Organisation and soliciting donations from people.

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Egyptian startup, Brimore has raised $3.5 million funding in a pre-Series A round. The round was led by Algebra Ventures. Other investors that participated in the round include Disruptech, Vision Ventures, and returning investors, 500 Startups, and Flat6labs. Founded in 2017, Brimore is a distribution company that works with everyday people, called social sellers, who advertise and retail products with their social networks in return for a percentage on each sale. The startup claims to have “tens of thousands” of social sellers on its platform and plans to complete its Series A round of funding within 12 months.