back Back

Egypt Post and Qardy partner to provide financing for SMEs

By Delisha Fernandes

July 07, 2023

  • Africa Fintech
  • AI lending
  • Digital Transformation
Share

QuardyQardy, an online lending marketplace in Egypt and the MENA region for financial institutions to fund SMEs, announced its partnership agreement with Egypt Post, a non-banking financial institution.

Dr Sherif Farouk witnessed the agreement between Egypt Post and Qardy, which enables Qardy to provide its services to Small and Medium-Sized Enterprises (SMEs) through Egypt Post’s network.

Dr Sherif Farouk, Egypt Post Chairman, said, “This agreement reflects Egypt’s efforts to achieve financial inclusion for all groups of society and provide various funding models through postal branches, which help Egypt’s economy grow and encourage its culture of freelancing in various parts of Egypt by relying on the great possibilities of postal infrastructure and geographical deployment of post offices throughout Egypt, which reached 4,300”.

Qardy’s vision is to support SMEs to have access to all their financial needs and support the adoption of digital transformation and financial inclusion in Egypt.

This partnership agreement was signed by Mr Khaled Emam, Egypt Post Vice Chairman for Financial Inclusion, and Mr Abdelaziz Abdel Nabi, Qardy’s founder, in the presence of all executive leaders.

Mr Abdelaziz Abdel Nabi, Qardy’s founder, said, “We are happy and proud to sign this agreement. Qardy will ensure each customer is matched with the best financial institution through our partnership with Egypt Post, the largest non-banking financial institution that supports SMEs to get a hassle-free wide range of facilities.

Previous Article

July 07, 2023

Zurich partners Qover to expand embedded insurance capabilities

Read More
Next Article

July 07, 2023

Investree picks Credgenics to digitise loan collections in Indonesia

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 11, 2024

Funding Societies secures third credit facility from HSBC

Read More

November 08, 2024

How India Borrows 2024: Aspirational Loans, EMI Cards & Mobile Banking Soar

Read More

November 08, 2024

MODIFI secures $15m in funding from Sumitomo Mitsui Banking Corporation

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More