Cairo, 29 September 2024 – Kredit, a newly launched SME financing company under GB Capital Group, is proud to announce it has secured EGP 50 million in funding from the National Bank of Egypt (NBE). This investment is an integral part of Kredit’s mission to enhance financial inclusion and provide crucial support to Egypt’s small and medium enterprises (SMEs). […]
The General Assembly of Banque Misr approved the financial statements for the fiscal year ending on December 31, 2023, highlighting remarkable growth in all business sectors. The bank’s total financial position reached EGP 2.6 trillion, showing a 14.9% growth from the previous year. A significant jump of 32.9% was observed in the net direct loans […]
Cairo, Egypt – September 11, 2024: Paymob, a leading fintech company in the Middle East and North Africa (MENA), has announced the successful completion of a $22 million Series B extension round, bringing the total Series B funding to $72 million. The round was led by EBRD Venture Capital, with participation from Endeavor Catalyst, and […]
Mastercard has announced a strategic collaboration with OPay, a leading financial services provider in the Middle East and North Africa (MENA) region, to deliver innovative banking solutions tailored to the diverse needs of the Egyptian market. This partnership aligns with the Central Bank of Egypt’s vision to digitize the economy and extends the previous efforts […]
MyFatoorah is proud to announce a groundbreaking partnership with Classera, the largest e-learning company in the region and a global leader in educational technology. This collaboration aims to streamline payment processes for educational institutions, significantly enhancing their operational efficiency and enabling them to concentrate more on their core mission of delivering quality education. The partnership […]
Jumia, Egypt’s leading e-commerce platform, has announced an expansion of its strategic partnership with Contact CrediTech, the digital consumer finance arm of Contact Financial Holding. This collaboration aims to enhance the financial services available to their respective customers, building on the success of their initial partnership established in January 2023. The expanded partnership will provide […]