AdalFi has added two senior leaders to support rapid regional growth and responsible lending. Ian Read becomes Head of Credit Excellence and Emre Unlusoy joins as Head of Sales for MEA. The appointments align with Egypt’s push to digitize financial services and broaden access to credit for consumers and SMEs. Read has more than 30 […]
Cairo – GlobalCorp Financial Services has successfully completed two significant securitization transactions totaling EGP 4.91 billion, marking a pivotal moment in the company’s growth trajectory. The completion includes the company’s seventh leasing securitization portfolio valued at EGP 2.32 billion and its inaugural mortgage finance securitization portfolio worth EGP 2.59 billion. Both transactions demonstrated exceptional market reception, […]
Cairo, Egypt – August 27th, 2025, Egypt’s first incentivized goal-based investment platform, has officially launched after closing the pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group of global angel investors. The company announces obtaining its Portfolio Management License from the Financial Regulatory Authority (FRA), enabling it to directly […]
The milestone positions onebank as a pioneering player in Egypt’s financial sector, advancing national digital transformation, expanding financial inclusion, and cementing Egypt’s role as a leader in digital banking innovation. Egypt – Misr Digital Innovation has received approval from the Central Bank of Egypt (CBE) to transition into onebank, the country’s first fully digital bank, […]
ADX becomes the first exchange in the GCC to welcome Thndr, a leading regional investment platform. Thndr users will soon be able to invest directly in ADX-listed securities and ETFs Thndr partnership reinforces ADX’s commitment to financial inclusion and innovation Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX) today onboarded Thndr, a leading […]
Digified is proud to announce that it has secured regulatory approval from the Financial Regulatory Authority (FRA) for its AI-powered digital onboarding, eKYC, and e-contracting services tailored for non-banking financial institutions (NBFIs) in Egypt. With this regulatory milestone, lending, investment, and insurance companies regulated by the FRA can now fully create digital IDs, verify their e-kyc, and sign […]
Cairo, Egypt – Nice Deer, a leading innovator in Egypt’s health insurance technology (InsurTech) sector, proudly announces it has received official approval from the Financial Regulatory Authority (FRA) to establish Nice Deer for Financial Solutions Egypt’s first fully digital non-banking financial institution (NBFI) dedicated to providing factoring services for deferred medical insurance claims. This regulatory milestone enables Nice Deer to offer real-time, structured financing to […]
LemFi, a leading international payment services startup based in London, with a strong presence across the United States, Canada, the United Kingdom, and Europe, has today announced the launch of its low-cost, reliable international payment services to Egypt. This strategic expansion positions it to provide its service offerings to Egypt’s massive diaspora community, building on […]
Egypt-based property technology (PropTech) platform Nawy has acquired a majority stake in SmartCrowd, a Dubai-based fractional property investment platform, marking its entry into the UAE market and broader GCC expansion. Acquisition details However, the company did not disclose other details, including the cost of acquisition. Backed by e&, Nawy’s latest move follows its $52 million Series A fundraising program, […]
Cairo: Contact Financial Holding, Egypt’s leading non-banking financial services provider, announced that Contact Creditech, the Group’s digital consumer finance arm, has obtained a fintech license from the Financial Regulatory Authority (FRA) to offer fully digital consumer finance services through its flagship application, “Contact Now.” Contact Now delivers a seamlessly integrated digital financing experience that covers every […]