Egyptian agri-fintech platform Mozare3 has closed a seven-figure pre-seed funding round led by Algebra Ventures and Disruptech Ventures, with participation from EFG-EV, and a group of reputable angel investors.

Mozare3 is a platform that serves more than 20 million underserved, unbankable smallholder farmers and their families in Egypt, by providing them with access to innovative financial products, markets and agronomy support.

Mozare3 was founded in 2020 by Hussein Abou Bakr a...