Raseedi acquires Kashat, Pharos Microfinance to offer Instant Loans to Underbanked in Egypt

Raseedi acquires Kashat, Pharos Microfinance to offer Instant Loans to Underbanked in Egypt

Raseedi, a fintech company focused on serving Egypt’s underbanked population, has acquired Kashat and its subsidiary Pharos Microfinance in an equity deal, as per a press release. The acquisition allows Raseedi to expand its services by offering instant cash loans of up to EGP 3,000 to underserved individuals. The move supports Raseedi’s efforts to introduce […]

Raya Holding partners between Aman Holding, Jarir Bookstore, and Al-Manea to Launch a Consumer Finance Company in Saudi Arabia

Raya Holding partners between Aman Holding, Jarir Bookstore, and Al-Manea to Launch a Consumer Finance Company in Saudi Arabia

January 3, 2025 Cairo, Egypt: Raya Holding for Financial Investments proudly announces a strategic partnership between Aman for Non-Banking Financial Services and Digital Payments, Jarir Bookstore, the largest retail company in Saudi Arabia and a leading distributor of electronics, books, and stationery in the GCC, and Al-Manea, the leading retail companies specializing in home appliances. This collaboration marks a pivotal milestone for Aman as it enters […]

NymCard Partners with Blnk to Enhance Digital Lending in Egypt – Fintech News Egypt

NymCard Partners with Blnk to Enhance Digital Lending in Egypt Dubai, UAE – NymCard, a leading provider of modern card issuance and payment solutions, is thrilled to announce a strategic partnership with Blnk, Egypt’s premier digital lending platform. This collaboration aims to introduce tailored payment solutions designed specifically for Blnk’s users, empowering both merchants and […]

Egypt’s leading B2B platform Cartona raises $8.1m for market expansion

Cartona, Egypt’s pioneering B2B platform, has announced a significant milestone in its journey to transform the traditional trade market in Egypt. The company, which serves a diverse array of stakeholders including mom-and-pop stores, hotels, and FMCG companies, recently secured an $8.1m in its Series A extension round of funding. This recent financial influx was led […]