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Financial products
valU, Arab Developers Holding partner to provide customers with maintenance installment plans
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, partnered for the first time with Arab Developers Holding, a leading real estate developer in Egypt, to offer…
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Etisalat Egypt rebrands into ‘etisalat by e&’
Etisalat Egypt announced on Sunday it is rebranding itself as ‘etisalat by e&’ as per e& Group’s recent rebranding in the UAE market.
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Saudi Al Hokair acquires 5% of ValU’s shares
EFG Hermes’ subsidiary, ValU , announced that Al Hokair family has reached an agreement to purchase a 4.99 percent stake in Valeo for $12.4 million, bringing the company’s valuation to $247.4 million.
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Raya’s subsidiary, Aman, launches 1st investment fund
Aman for Microfinance, a subsidiary of Aman Group that is owned by Raya Holdings for Financial Investment, has launched its first investment fund, dubbed AmanYoum-B-Youm.
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e-finance signs MoU with Libyan Finance Ministry to develop, digitise government transactions
e-finance Group for financial and digital investments signed a memorandum of understanding (MoU) with the Libyan Ministry of Finance to provide electronic payment services to the Libyan government and…
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Odoo launches software feature to support Egypt’s new e-invoicing policy
Odoo, a provider of all-in-one open source business software for companies, has launched a new localisation software feature to support Egypt's new e-invoicing policy aiming to make all companies…
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Google drives estimated EGP 11.2bn to Egyptian economy in 2021
Google drove EGP 11.2bn in economic activity in Egypt in 2021, according to Google Impact report
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New rules aim make life easier for startups in Egypt; Madouly
New rules solve the problems facing would-be tech entrepreneurs, government officials said yesterday, as part of the Madbouly government’s drive to attract private capital and drive growth of the…
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EBRD, Amethis, SPE Capital acquire Egyptian fintech GlobalCorp
A consortium of the European Bank for Reconstruction and Development (EBRD), France’s Amethis – member of Edmond de Rothschild private equity platform, and SPE Capital announced the acquisition of a…
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Egypt-based Paymob raises $50 mln in Series B funding round
Egypt-based Paymob, a financial services for merchants platform, raised $50 million in Series B funding, which the platform will use to grow its product range, expanding in the Egyptian market as well…
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