The founders of Capiter, a well-funded Egyptian start-up, have been fired following allegations of fraud

The founders of Capiter, a well-funded Egyptian start-up, have been fired following allegations of fraud

Last September, Egyptian startup Capiter raised $33 million in Series A funding to compete in the country’s growing e-commerce and B2B retail space. A year later, the startup laid off several employees and now its CEO and COO have been relieved of their duties after allegedly mismanaging the funds. Here’s what we know so far. …

The founders of Capiter, a well-funded Egyptian start-up, have been fired following allegations of fraud Read More »