Alsoug.com
Sudan's largest online classifieds and marketplace and merchant-led payments network.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
N/A | - | ||
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Alsoug.com is a pioneering online classifieds and marketplace platform in Sudan, primarily focusing on real estate, cars, and electronic payment services. The platform serves a diverse range of clients, including individual sellers, buyers, and businesses looking to trade various goods and services. Operating in the Sudanese market, Alsoug.com aims to eliminate the inefficiencies caused by middlemen, thereby increasing transparency and reducing costs for end consumers.
The business model of Alsoug.com revolves around providing a digital space where users can list and discover items for sale, ranging from household goods to factory equipment. The platform generates revenue through listing fees, premium advertisement placements, and transaction fees associated with its electronic payment service, Cashi. Cashi is a leading payment solution in Sudan, facilitating secure and convenient online transactions.
Alsoug.com has gained significant traction, evidenced by its recent $5 million funding round, marking the first foreign tech investment into Sudan since the lifting of international sanctions. This investment underscores the platform's potential for growth and its pivotal role in digitizing the Sudanese economy.
Keywords: online classifieds, marketplace, Sudan, real estate, cars, electronic payments, Cashi, transparency, digital economy, investment.
