Hollydesk, Egypt’s first and only expenditure management platform, has raised $1 million in venture loan funding to expand its services to additional small and medium-sized businesses (SMBs) in the nation.
Mahmoud Moussa founded Hollydesk in 2020, and since then it has aided hundreds of businesses in time savings, fraud reduction, and better expense management. Companies using Hollydesk spent EGP130 million on the platform in 2022 alone.
Hollydesk offers a set of tools that make it simple for businesses to keep track of and manage expenses, automate approval processes, and provide reports to examine spending trends.
Even for non-technical people, Hollydesk’s platform is made to be user-friendly and simple to use. It has capabilities like real-time spending tracking and receipt scanning.
Businesses can save time and lower the risk of fraud or errors in their expense reporting by using Hollydesk.
“Our goal is to simplify the processes involved in spending management so that small and medium-sized enterprises can concentrate on what they do best. With this additional cash, we can broaden our assistance to more Egyptian businesses “stated Hollydesk CEO Mahmoud Moussa.
With the additional funding, Hollydesk will be able to serve more businesses that require effective expenditure management solutions.
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