back Back

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

By Delisha Fernandes

July 18, 2023

  • B2B Merchants
  • Buy Now Pay Later
  • Credit Scoring
Share

Fintech Galaxy 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.

Previous Article

July 18, 2023

ila Bank & Arab Financial Services partner for prepaid card offering

Read More
Next Article

July 18, 2023

Bureau raises Series A funding led by GMO VenturePartners

Read More













IBSi Daily News Analysis

Middle East, Payment, SMEs

September 26, 2023

B2B Merchants

Omnichannel payments drive SME growth in MENA, study shows 

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

Today

Brankas and Konsentus to launch Banking as a Service Platform

Read More

Today

Nium fuels European expansion with new regional HQ in London

Read More

Today

VTEX partners Mangopay to elevate global marketplace success   

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023