Cairo, Egypt – Giza Systems, a leading digital transformation enabler in the MENA region, has signed a Memorandum of Understanding (MoU) with Egypt Ventures, a government-backed venture capital firm. This strategic collaboration is set to foster innovation in the healthcare and fintech sectors by connecting Egyptian startups with Giza Systems’ vast expertise in digital transformation […]
Just2Pay and Swypex Partners to Enhance Financial Operations for Businesses in Egypt
Cairo, Egypt – Just2Pay and Swypex, two leading fintech companies specializing in financial solutions, have announced a strategic partnership aimed at enhancing financial operations and providing innovative, secure solutions for businesses in Egypt. Under this partnership, Just2Pay’s advanced business management systems will be integrated with Swypex’s cutting-edge payment solutions, offering businesses a seamless and efficient […]
Sylndr and TRU launch the first Integrated Digital Platform for Car Financing in Egypt
Cairo, Egypt – Sylndr, Egypt’s leading platform for buying and selling used cars, in collaboration with the TRU App, has announced the launch of “Sylndr Swift Powered by TRU,” the country’s first fully-integrated digital car financing platform. By combining advanced digital application procedures with certified vehicles from Sylndr, the new platform aims to redefine the […]
Egypt-based Paymob Secures Retail Payment Services License from the Central Bank of UAE
DUBAI, UAE: Paymob, the leading financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after successfully meeting all regulatory conditions and requirements through a rigorous approval process. The license authorizes Paymob to offer merchant acquiring, payment aggregation services, and domestic fund transfers […]
Four MENA Countries Stand Out with their Highly Mature Fintech Strategies
Arab Advisors Group released a new research report exploring the growing fintech market in the Arab World. The report expands on the current fintech landscape in the Arab region, covering the fintech regulatory frameworks, licensing, legality of cryptocurrency, fintech goals and initiatives, challenges and governmental vision for the sector in 19 Arab countries. Moreover, Arab Advisors […]
EFG Hermes concludes advisory on Badr University’s EGP500mln future cash flow securitization
January 3, 2025 EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division successfully concluded advisory on a future cash flow securitization issuance worth EGP 500 million for Badr University in Assiut (BUA), one of CIRA’s flagship universities. This […]
Central Bank of Egypt Increases Transaction Limits for Financial Inclusion Accounts
These changes are part of the CBE’s ongoing efforts to enhance financial inclusion and facilitate greater access to banking services across various sectors. December 30, 2024 The Central Bank of Egypt (CBE) has announced an increase in the maximum transaction limits for financial inclusion accounts, which apply to withdrawals, outgoing transfers, debit operations, and purchases. […]
Flend Secures FRA License as Egypt’s First Digital NBFI for SMEs
Flend, a pioneering digital financing platform specializing in small, emerging, and medium-sized enterprises (SMEs), has achieved a groundbreaking milestone by becoming the first non-bank digital financial institution (Digital NBFI) in Egypt. The license, granted by the Egyptian Financial Regulatory Authority (FRA), empowers Flend to revolutionize the SME financing landscape through cutting-edge digital solutions. As the […]
Egypt’s Klivvr Payments Secures Regulatory Approval to Launch Consumer Finance Company
Klivver Payments Secures Regulatory Approval to Launch Consumer Finance Company [Cairo, Egypt – Klivvr Payments, a prominent fintech company, has received regulatory approval from the Financial Regulatory Authority (FRA) to establish a consumer finance company. This milestone underscores Klivvr’s commitment to expanding non-banking financial solutions, fostering financial inclusion, and empowering customers with innovative and secure […]
Beltone announces Board Approval for an additional Capital increase of EGP 10.75bln
Cairo – Beltone Holding (“Beltone” or the “Company”) announces that its Board of Directors has approved to proceed with all legal and regulatory procedures to increase the Company’s capital with an amount of EGP10.75 billion. This decision comes after the successful capital increase of EGP10 billion last year The Board of Directors’ approval supports the […]