Egyptian FinTechs & Fintech Galaxy join forces to expand into MENA market

By Delisha Fernandes

Fintech Galaxy, an Open Finance platform, announced the onboarding of over 10 Egyptian FinTechs.

The open APIs provided by Fintech Galaxy’s FINX platform will offer innovative use cases for the onboarded Egyptian FinTech companies. The integration will enable them to offer services such as flexible Buy-Now-Pay-Later schemes, AI-driven financial services, accurate credit scoring, risk assessment, and predictive financial management tools.

Additionally, the use of open APIs will enhance digital identity verification and fraud detection processes, leading to safer and more reliable online transactions.

“We are excited to empower Egyptian FinTechs to leap to the wider MENA market with our API platform and help drastically simplify financial management for individuals and corporates around the region. These partnerships will enable companies to leverage the FINX platform to fuel their growth, expand their reach beyond their home market, and develop innovative services that are efficient and compliant with global open banking standards,” said Mirna Sleiman, Founder & CEO, Fintech Galaxy.

Sympl, Synapse Analytics, and Valify are some of the onboarded FinTechs to the Open Finance platform FINX. By tapping into Open Finance capabilities, they will have access to a vast array of financial data, which enables FinTechs to offer personalised services, expand their customer base, and streamline operations. Additionally, Open Finance fosters collaboration with financial institutions, promotes innovation, and opens new revenue streams.

Fintech Galaxy aims to promote more partnerships and growth in the global finance ecosystem. The platform’s focus extends beyond FinTech firms to include a diverse range of clients, such as merchants and other key stakeholders.