[Dubai, UAE] – Cash My Stock is excited to announce the successful closure of its funding round, securing AED 16 million. The round was led by the prestigious investment firm Audacia Capital.
This substantial financial boost marks a significant milestone in Cash My Stock’s journey, paving the way for the expansion and launch of its promising subsidiaries in the UAE, Saudi Arabia, Kenya, and Nigeria.
Cash My Stock, a forward-thinking subsidiary of Innovate Holding, has been making waves with its innovative solutions in the B2B e-commerce and inventory stock liquidation sector. This funding will be strategically used to enhance technological infrastructure, expand the team, and increase market reach, not only strengthening Cash My Stock's foothold in the UAE and Saudi Arabia but also in establishing and expanding its presence in the promising markets of Kenya, and Nigeria forming a hub in both east and west Africa.
"Our team is thrilled with this successful funding round led by Audacia Capital. Their belief in our vision and strategy is a significant endorsement of our business model and future plans," said Mohamed Issa, CEO of Cash My Stock. "This investment will be instrumental in expanding our operations and providing top-notch services to a wider range of markets. We are committed to playing a significant role in the Middle East and Africa cross-borders B2B E-commerce with our state-of-the-art technology and business-centric approach."
Audacia Capital's lead investment in Innovate Holding is a testament to the potential they see in the business model and growth prospects of Cash My Stock. "We are confident in the capabilities and vision of the Cash My Stock leadership team. Their innovative approach and robust business plan align perfectly with our investment philosophy. We are excited to be part of their journey as they expand across these dynamic markets," said Emad Mansour, Founder and CEO of Audacia Capital.
Cash My Stock is poised to set new benchmarks in the industry with its cutting-edge solutions and unparalleled service standards.
About Cash My Stock (Part of Inoovate Holding LTD an ADGM Company)
Cash My Stock is the leading B2B e-commerce platform that transforms excess stock into valuable assets and provides immediate access to quality inventory.
Through a secure, transparent, and user-friendly marketplace, we facilitate seamless transactions that save time and reduce complexity for both sellers and buyers.
Unlike traditional liquidation methods, Cash My Stock leverages innovative technology and deep market expertise to connect diverse sellers with global buyers, promoting a sustainable and thriving business ecosystem that enhances profitability and operational efficiency for all stakeholders.
About Audacia Capital
Audacia Capital is a leading investment firm that focuses on empowering growth-oriented businesses with strategic investments. Their portfolio spans across various sectors, reflecting their commitment to fostering innovation and business excellence.
For more information, please contact:
Audacia Capital
Cash My Stock
Cash My Stock Secures AED 16 Million In First Funding Round Led By Audacia Capital