October 14, 2024 – Cairo, Egypt: In a major development aimed at advancing the FinTech landscape in Egypt, TechLine has entered into a strategic partnership with Raya Data Center, a subsidiary of Raya Holding for Financial Investments. This collaboration is set to deliver comprehensive IT and cybersecurity solutions tailored to meet the evolving needs of FinTech companies both in Egypt and across the region.
The partnership aims to offer FinTech companies secure, scalable IT infrastructure hosting, integrated data center solutions, cloud computing, and cybersecurity services, all in line with the regulatory frameworks of the Central Bank of Egypt and the Financial Regulatory Authority. This will empower FinTech firms to enhance operational efficiency, agility, and security in their business operations.
A Strategic Leap for Egypt’s FinTech Growth
TechLine, established in 2020, has quickly become a key enabler for the FinTech sector in Egypt, offering a broad spectrum of services including IT infrastructure design and development, FinTech and payments applications, as well as advanced cybersecurity and data protection. Over the past four years, TechLine has built a reputation for reliability across multiple sectors, with a particular focus on FinTech.
Commenting on the partnership, Haytham Abbas, CEO of TechLine, expressed pride in the collaboration with Raya Data Center, noting:
“We are proud of our extended collaboration with Raya Data Center, one of the leading IT infrastructure hosting and cloud computing companies in Egypt and the Middle East. Since our inception, TechLine has been committed to leading the IT services market, particularly for FinTech companies in Egypt and the region, by providing integrated services that cover the full spectrum of IT infrastructure, applications, and security.”
Raya Data Center, known for its expertise in IT infrastructure hosting and cloud services, will leverage TechLine’s capabilities to enhance its offerings to FinTech clients. The partnership will support FinTech firms with adaptable, secure solutions that respond to rapid technological advancements while ensuring full regulatory compliance.
Nashaat Foda, CEO of Raya Data Center, emphasized the significance of the collaboration:
“TechLine’s expertise enables us to offer enhanced support to our FinTech clients through secure, flexible solutions that adapt to fast-paced market developments. This partnership strengthens our ability to provide comprehensive, secure solutions designed to foster innovation and growth in the dynamic FinTech sector, while ensuring compliance with the regulations of the Central Bank of Egypt and the Financial Regulatory Authority.”
Driving Innovation in Egypt’s FinTech Sector
As Egypt’s FinTech sector continues to grow, the partnership between TechLine and Raya Data Center is poised to play a critical role in providing the necessary technological backbone for FinTech companies. With a shared vision of innovation and excellence, the two companies are well-positioned to support the FinTech ecosystem in navigating challenges related to security, compliance, and infrastructure scalability.
The collaboration underscores the importance of secure, robust IT infrastructure in driving the future of FinTech in Egypt and the broader region. As the demand for digital financial services surges, this partnership will ensure that FinTech companies can operate efficiently, securely, and in line with the highest regulatory standards.
