ArabyAds secures USD 6.5 Million in funding from Equitrust, the investment arm of Choueiri Group
ArabyAds, MENA’s one stop-shop for performance marketing solutions, has successfully raised its Round-A of investments from Equitrust (the investment arm of Choueiri group), which acquired an undisclosed stake in the company for USD 6.5 million.
ArabyAds has been operating in the UAE and GCC market since 2013, with offices in both Egypt and Dubai.
ArabyAds’ market knowledge, unique platform and deep understanding of the Arabic audience, truly sets it apart from the competition.
It offers to advertisers the opportunity to benefit from various performance-based marketing solutions following one of the strongest, most effective marketing models, Pay Per results; Such as, leads, actions, sales, installs, and/or calls.
ArabyAds’ philosophy is to help its business partners predict and measure the return on their ad spend,and allows them to grow their sales whilst keeping marketing spend under control.
Patrick Thiriet, Chief Strategy Officer, Choueiri Group, commented on the investment: “We are excited to partner with ArabyAds, a company that was able –with no external funding so far- to quickly emerge as a market leader in MENA’s fast-growing performance marketing industry. There are many synergies to explore and implement, both with Equitrust’s other portfolio companies and with Choueiri Group’s unique advertising footprint in the region. We are looking forward to a fruitful collaboration, which shall ultimately benefit many consumer-facing industries, such as e-commerce, real estate, automotive and health & beauty.”
On the other hand, Mahmoud Fathy, CEO, ArabyAds, commented on the company’s first fund raise: “We are looking forward to strengthen our brand, and to gain access to more regional clients that are looking to boost their sales through advertising. Although our organic growth has been rather stellar year on year, Arabyads had reached a stage where a capital injection was needed to expand further and continue delivering new solutions to regional advertisers. What we needed was the right partner, and Choueiri Group emerged quite naturally as a name of choice.”
ArabyAds serves performance marketing through 3 main solutions:
- Influencer Marketing: a full hassle-free influencer marketing service that starts with matching the brand with the right influencers, and ends up with a “Results-Based Payment” model.
- Affiliate Marketing: Arabyads connects brands to affiliates publishing destinations in a controlled environment, where they get real-time performance reports and pay per action or result. This solution is powered by one of the world's most advanced tracking systems.
- Media Buying: run fully in-house by Arabyads, this service allows advertisers to buy the KPI they expect (qualified leads, App installs, new subscribers, confirmed orders etc.) at a pre-agreed price.
ArabyAds has delivered its performance marketing solutions to more than 450 clients so far, including Landmark, Emaar, Vlcc, Flyin, Etihad Airways, as well as most of the large MENA e-commerce players: Souq.com, Namshi, Jumia, Wadi, noon.com etc. During the 2018 Black Friday alone, Arabyads’ generated over USD 60Mios in sales for its clients, mostly in e-commerce, health & beauty and real estate.