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$300k in pre-seed finance is secured by Moroccan logistics company Colis.

Summarized by AI Model:facebook/bart-large-cnn

Moroccan cross-border logistics firm Colis has closed a US$300,000 pre-seed fundraising round. Colis assists people and businesses in sending and receiving goods from six European nations. Over the past two years, the company has delivered over 55,000 packages.

A US$300,000 pre-seed fundraising round has been closed by Moroccan cross-border logistics firm Colis, which plans to expand into West Africa and bolster its domestic footprint. Colis, which was founded in 2022 by Issam Darui, assists people and businesses in sending and receiving goods from six European nations. Over the past two years, the company has delivered over 55,000 packages.

After participating in the Plug and Play Morocco accelerator and raising US$50,000 from The Baobab Network, the firm has now obtained US$300,000 in pre-seed funding from Witamax to expand its reach throughout Morocco’s five main regions. Additionally, it intends to expand farther throughout Africa, beginning in West Africa.

“We are incredibly appreciative of Witamax’s early support of our concept. We can expand our geographic reach and raise the calibre of our services even more thanks to this money,” Darui stated. “We want to become a major force in logistics between Africa and Europe by providing cutting-edge technological solutions to a sector that is changing.”