Beltone secures US$20m to drive sustainable finance in the region

Beltone Leasing and Factoring (Beltone), a wholly owned subsidiary of Beltone Holding, has secured US$20m in funding from two leading impact investment funds managed by Germany-based Finance in Motion GmbH: the SANAD Fund for MSME and the Green for Growth Fund (GGF).

The funding is equally divided, with US$10m from each fund, with a repayment tenor of five years. SANAD’s contribution will support financial inclusion for micro, small, and medium enterprises (MSMEs) and low-income households across the Middle East and North Africa (MENA). GGF’s portion will be dedicated to financing renewable energy, energy efficiency, and sustainable resource use initiatives in MENA and neighboring regions.

This transaction marks a key milestone in Beltone’s strategy to deliver innovative non-bank financial solutions that promote economic empowerment and environmental sustainability, aligned with Egypt’s Vision 2030. It also reflects Beltone’s commitment to advancing sustainability across all its operations.

Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, said: “Securing foreign currency funding from institutions like SANAD and GGF enhances our ability to diversify our capital base and offer more competitive financing solutions. This funding will enable us to strengthen our support for MSMEs while accelerating green projects that contribute to a more sustainable and resilient future.”

Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, said: “This funding reflects our strong collaboration with Finance in Motion and our commitment to channeling strategic capital to grow Beltone Leasing and Factoring. It also highlights our focus on ESG-driven financing, in line with the broader Beltone’s mission to support sustainable and impactful growth.”

Both funds are managed by Finance in Motion GmbH, a globally recognized impact asset manager focused on advancing sustainable development in emerging and developing economies, in collaboration with development finance institutions, private investors, and governments.

About Beltone Leasing and Factoring:
Beltone Leasing and Factoring, a subsidiary of Beltone Holding, specialises in providing leasing and factoring solutions and services. The company holds a leading position in the Egyptian leasing and factoring market, owing to its strong contribution to delivering innovative financial solutions to small and medium-sized enterprises as well as large companies across strategic sectors. These sectors include real estate development, logistics support services, transportation, healthcare, education, pharmaceuticals, food and beverages, printing and packaging, chemicals, and oil.

About Beltone Holding:
Beltone Holding is a leading provider of financial services with a distinguished track record spanning decades in the Middle East and North Africa. The company offers a comprehensive and expanding range of financial solutions and services, including securities brokerage, underwriting and advisory services, asset management, research, and direct investment, as well as non-banking financial services such as leasing, factoring, consumer finance, venture capital, microfinance, real estate finance, and small and medium-sized enterprise (SME) financing.

Source: Beltone