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 […]
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 […]
Cairo, Egypt – In a significant step toward boosting Egypt’s entrepreneurial ecosystem, the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has announced a $3 million investment in Foundation Ventures Fund. The partnership aims to drive innovation, create jobs, and promote sustainable economic growth in alignment with Egypt’s Vision 2030 strategy. Fueling Egypt’s Startup Ecosystem […]
The CBE’s approval of these regulations is part of a broader initiative to promote digital transformation within the Egyptian financial sector. Egypt – Several major Egyptian banks have activated card tokenization services through Apple Pay, following the Central Bank of Egypt’s (CBE) February 2023 approval of regulations for this technology. National Bank of Egypt, Banque […]
December 9, 2024: Egypt – Banque Misr has conducted Egypt’s first public digital auction to sell its real estate assets, marking a milestone in the adoption of innovative technologies in the banking sector. The auction, held in partnership with the Belmazad.com platform, represents a new era of transparent, efficient, and fair bidding, aligning with the […]
Bitcoin crossed the $100,000 threshold for the first time on Thursday, marking a significant milestone in its journey from a niche libertarian experiment to a mainstream financial asset. The historic rally reflects growing investor confidence in cryptocurrencies amid expectations of a crypto-friendly U.S. administration. The total market value of cryptocurrencies has nearly doubled in 2024, […]
Cairo, Egypt — In a landmark move toward enhancing digital transformation and financial inclusion in Egypt, eNovate, a subsidiary of eFinance Investment Group for Financial and Digital Investments, has announced a strategic partnership with Belbaqy, a pioneer in innovative micro-investment solutions. The partnership aims to introduce cutting-edge financial tools tailored to the needs of individuals […]
Cairo, Egypt – December 2, 2024 BanknBox, a leading digital banking and payment solutions platform based in Cairo, has announced a strategic partnership with Al Ahly Momkn, a prominent e-payments and fintech company in Egypt. This collaboration aims to revolutionize payment acceptance services across the country through advanced technology and innovative solutions. The partnership focuses […]
Middle East and North Africa, December 2024 — Nowlun, a digital freight forwarding platform disrupting the logistics industry in the Middle East and North Africa (MENA), has raised $1.7 million in seed funding. The funding round was led by Nama Ventures and A15, with participation from Sanabil 500 Global and prominent angel investors. The newly […]
Cairo, Egypt – November 27, 2024: Paymob, the leading financial services enabler in the MENA region, and Homzmart, Egypt’s premier e-commerce platform for furniture, have signed a Memorandum of Understanding (MOU) to strengthen their strategic partnership. The collaboration aims to accelerate the digital transformation of Egypt’s furniture retail sector and explore regional expansion opportunities in […]