Egypt’s Qme closes $3m seed round led by AHOY
Qme addresses inefficient queuing systems and outdated appointment booking methods.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Qme, a B2B SaaS startup based in Egypt, has raised $3 million in a seed funding round led by AHOY, a multisector technology company, along with a group of angel investors from the GCC.
Qme is an AI-driven platform addressing inefficient queuing systems and outdated appointment booking methods.
“Our partnership with AHOY is a major milestone, as it strengthens our ability to optimise movement in dynamic, real-world scenarios while transforming customer experiences. AHOY’s operational excellence and robust tech stack are invaluable as we scale in vibrant markets,” said Maged Negm, CEO and co-founder of Qme. "I'm super excited to have Jamil Shinawi, AHOY's CEO, joining Qme advisors committee. Our partnership with AHOY marks a pivotal moment in our journey."
Since its commercial launch in Q4 2023, Qme has made significant strides. The company has already served over 100,000 customers in the healthcare, banking, and government sectors, reducing waiting times from 116 minutes to just 14 minutes. Qme has also slashed phone booking no-show rates to below 1% while transitioning paper-based queuing systems to digital alternatives, saving an estimated 50,000 square meters of paper.
"Qme’s platform aligns perfectly with our ethos of reducing friction in everyday processes," said Jamil Shinawi, CEO and co-founder of AHOY. "Their ability to streamline the customer journey resonates with AHOY’s mission of solving real-world inefficiencies through innovation. The collaboration leverages AHOY's multi-sector expertise and visionary approach to help Qme penetrate complex markets across the GCC and African regions and advance globally.”
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here