Cairo - Mubasher: ExpandCart, an Egypt-based e-commerce platform, has raised $2.7 million in a pre-series B round led by China's Betatron Venture Group.

Sawari Ventures from Egypt and Agility Ventures have also participated in the funding round, according to a press release on Tuesday.

Established in 2016, ExpandCart provides e-commerce services to 25,000 merchants across more than 40 countries.

These merchants have achieved more than $850 million in gross merchandise value (GMV) through the ExpandCart platform across its main markets, including Saudi Arabia, Egypt, Kuwait, and the UAE.

Source: Mubasher

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