Connecto Brings Merchants’ E-Commerce Accounts Together in One Place
Mahmoud Abu Harga, founder and chief executive of Connecto, presented the platform on Shark Tank, seeking EGP 5 million in exchange for a 10% stake in the company.
Connecto brings merchants’ accounts across e-commerce platforms together in one place. Its pitch centres on giving sellers a single hub for accounts spread across different online marketplaces.
The proposed investment terms imply a total company valuation of EGP 50 million. Abu Harga put forward the offer as part of his presentation to the programme’s investors.
The available details did not specify whether an investor accepted the proposal or whether Connecto secured a deal.
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