Egyptian gaming Marketplace Gamesbandy secures $40k Grant funding

Egyptian gaming marketplace GamesBandy has announced it closed $40k in grant funding from Taqadam, a MENA-based accelerator firm helping African startups to scale.

Gamesbandy was founded in 2020 and became the first platform in the region to provide users with a safe and simple way to buy and sell gaming accounts and related accessories. Its platform enabled gamers to sell their old high-level accounts to those who prefer to pay rather than start at the beginning.

Recall that the Egyptian gaming startup also secured an undisclosed fund in a seed funding round in May 2021 from Flat6labs Bahrain and Tamkeen amid plans to improve its platform, as well as expand to support more games, and invest in marketing to grow the user base faster.

With its latest grant capital from Taqadam, the startup intends to expand its platform to support more games, expand geographically, and grow its user base.

Abdulrahman Aboshamah, founder of GamesBandy speaking said “We are excited and grateful for the funding and grants from Taqadam. Early innovation is vital and we hope to have a great impact on the gaming community”.

Taqadam will also spend six months guiding and developing the company through mentorship, and training.