Eksab Gets Boost With Seed Investment From 500 Startups

June17, 2019

EksabGets Boost With Seed Investment From 500 Startups

June17, 2019


Eksab which is the top Daily Fantasy Sports (DFS) platform in MENA (MiddleEast and North Africa) and GCC (GulfCooperation Council) is anticipated to enhance its existence in the area after getting 6 figures in seed financial investment from 500 Startups.

The seed financial investment comes at the correct time as Egypt prepares to host the AfricanCup of Nations for the very first time in more than 10 years. The area is understood for its love of football, with the meteoric increase of numerous local gamers to the world phase and the increased interest of MENA and GCC financiers to purchase European football clubs. Eksab intends to profit from this by supplying ingenious and interesting mobile video games and applications for football lovers in the area.

Eksab is thought about the top DFS platform in the MENA area. The business went reside in Nov 2018 and ever since it has actually processed over 5 million deals.

FocusOn Football-ObsessedFans

Eksab is a video gaming platform that lets football fans make forecasts about live video games from worldwide. After each video game, users are granted points depending upon the precision of their forecasts and might declare rewards with ball games they have actually gathered. The business is looking for to profit from the one billion football fans spread out throughout Africa and the Middle East.

EksabCo-Founder and CEO AlyMahmoud is really impressed by the commitment and passion of football lovers in MENA, stating that individuals in the area are really in love with football. Mahmoud exposes that the seed financial investment from 500 Startups will go to scaling their item to be able to accommodate more of the countless football enthusiasts in the area. Eksab is intending to procedure a minimum of 100 million forecasts over the next year.

PreparationsFor 2022 FIFA World CUP

The business has actually made long term strategies that include constructing a robust platform that will have the ability to deal with the need that the FIFA 2022 World Cup brings. While the World Cup is still a couple of years away, Eksab will aim to utilize the seed funding and time to broaden its existence, develop its brand name and bring out ingenious offerings that make it possible for the business to remain as the number 1 DFS company in MENA.

SharifEl-Badawi, partner at 500 Startups stated that they were impressed with Eksab’s dedication to enhance their user-experience as the video gaming business intends to provide the most interesting platform possible to a brand-new swimming pool of prospective gamers.

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