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Egypt’s online lending marketplace Qardy has formed a partnership with AlKheir Microfinance. The collaboration aims to support microbusinesses in Upper Egypt and the northern Delta region. By addressing financial challenges in these underserved areas, the initiative seeks to foster economic...
#AlKheir Microfinance#microfinance#Qardy
In a bold stride towards reshaping the financial landscape for small and medium-sized enterprises (SMEs) in the UAE, Numou, a…
#fintech#Numou#SME lending
Geidea, a leading provider of digital payment solutions in the Middle East, is set to launch its innovative SoftPos service…
#data protection#digital#digital transformation
Emirates Development Bank ("EDB" or "the Bank"), the key financial engine of UAE economic development and industrial advancement, and Ajman…
#Ajman Bank#EDB#sme finance
Tarabut, the MENA region’s leading, regulated open banking platform, and Geidea, Saudi Arabia’s leading payments solutions provider, have entered a…
#alternative finance#Geidea#sme finance
Mastercard and Fundbot, a UAE-based fintech firm specialising in supply chain financing (SCF), have announced a collaboration to accelerate business-to-business…
#B2B#days sales outstanding#Fundbot
#Abdulla Almoayed#financing gap#Geidea
The European Bank for Reconstruction and Development (EBRD) is extending an unfunded portfolio risk-sharing facility for up to €25m to Commercial…
#EBRD#risk sharing agreement#sme finance
EFG Hermes, a leading investment bank in the MENA region and a subsidiary of EFG Holding, has completed its 12th…
#receivables securitisation
Factoring volume in Egypt has been growing over the last few years since its introduction to the country’s financial market…
#Egypt Factors#factoring#Ghada Shams
The European Bank for Reconstruction and Development (EBRD) has introduced a €35m risk-sharing facility to support small and medium-sized enterprises…
#EBRD#QNB#risk sharing agreement
The MENA Supply Chain Finance Conference 2024 (MENASCF24) wrapped up successfully at The Westin, Dubai, marking two days of engaging…
#digital trade#digitisaton#fintech
Beltone Holding’s ("Beltone") wholly owned subsidiary, Beltone Leasing and Factoring, has successfully completed its first securitisation issuance, raising EGP 1.33bn…
#factoring#receivables securitisaton