Re-commerce marketplace Soum gets $18M backing to scale in MENA
https://techcrunch.com/2023/12/20/soum-18m-series-a-funding/
The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost, and as some observe conscious consumption. With the global re-commerce market expected to continue its growth spurt, C2C marketplaces like Saudi Arabia’s Soum are looking to capture users in the Middle East and North Africa (MENA) region.
Soum was founded in the Kingdom of Saudi Arabia in 2021, and is now eyeing growth expansion to other MENA countries, beginning with the United Arabs Emirates. The plans are driven by its recent $18 million Series A funding.