Latest news with #LimeConsumerFinance
Zawya
12 hours ago
- Business
- Zawya
Lime Consumer Finance joins Egypt's fintech ecosystem
Arab Finance: Lime Consumer Finance, Egypt's largest platform for education financing and a wholly owned entity of the UAE's First Abu Dhabi Bank Group, has officially launched in the fintech ecosystem, according to an emailed press release. The launch's strategic entry point focuses on educational financing as its first strategic entry point. Licensed by the Financial Regulatory Authority (FRA), Lime offers structured, transparent, and accessible solutions for families in Egypt. With education as a starting point, Lime's app is set to expand into other essential life sectors, paving the way for broader financial empowerment. Through Lime, families can plan and pay for education across a holistic network of nurseries, schools, and universities. The app features installment options ranging from 6 to 12 months for amounts up to EGP 1 million, with digital onboarding and financing approvals granted within minutes. This ensures speed, convenience, and regulatory compliance. Ahmed Mohsen, CEO and Managing Director of Lime Consumer Finance, stated: 'With an initial investment of $9.4 million, Lime enters the market at a time when Egypt is witnessing a parallel surge in private education demand and digital financial inclusion—fueled by a young population and supportive national policies.' Backed by the strength and experience of First Abu Dhabi Bank Group and guided by a multidisciplinary board, Lime is keen on driving financial inclusion and sustainable impact across Egypt's evolving fintech landscape. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Wamda
2 days ago
- Business
- Wamda
FAB's Lime app enters Egypt's fintech scene with $9.4 million investment
Press release: Lime Consumer Finance, the largest platform for education financing in Egypt and a wholly owned entity of First Abu Dhabi Bank Group in the UAE, has officially launched in the fintech ecosystem, with a specialised focus on educational financing as its first strategic entry point. Licensed by Egypt's Financial Regulatory Authority (FRA), Lime offers structured, transparent, and accessible solutions for families in Egypt. While education marks the beginning, Lime's app is designed to expand into other essential life sectors, paving the way for broader financial empowerment. Lime enables families to plan and pay for education across a holistic network of nurseries, schools, and universities. With over 30% of Egypt's population under the age of 15 (CAPMAS, 2025), education finance has become a natural priority. The app features installment options ranging from 6 to 12 months for amounts up to EGP 1 million, with digital onboarding and financing approvals granted within minutes, ensuring speed, convenience, and regulatory compliance. Mr. Ahmed Mohsen, CEO and Managing Director of Lime Consumer Finance, stated: 'With an initial investment of USD 9.4 million, Lime enters the market at a time when Egypt is witnessing a parallel surge in private education demand and digital financial inclusion—fueled by a young population and supportive national policies.' He added: 'We're proud to be contributing to Egypt's Financial Inclusion Strategy by addressing a real need. Lime fills a critical gap by offering structured, transparent, and accessible financing solutions—and this is just the beginning. With a strong investment in technology, we aim to deliver a unique digital journey for customers, with approvals granted in minutes using a state-of-the-art credit decision engine.' On the expertise front, Lime's Board of Trustees brings together multidisciplinary expertise across key sectors essential to the company's mission: Ms. Mariam El Samny, Head of Consumer Banking at FABMISR; Mr. Refaat Zayed, Head of Retail Credit at FABMISR; Mr. Abdallah El Ebiary, Managing Director at Alvarez & Marsal's Sovereign Advisory Services; Mr. Mohamed El Kalla, CEO of CIRA Education; Ms. Magda Habib, CEO and Founder of Dawi Clinics and Mr. Omar Bassiouny, Founding Partner at Matouk Bassiouny and Group Head of Corporate and M&A. Backed by the strength and experience of First Abu Dhabi Bank Group and guided by a multidisciplinary board, Lime is committed to driving financial inclusion and sustainable impact across Egypt's evolving fintech landscape. Education is Lime's starting point, but the app is designed for future expansion into other high-impact sectors.
Zawya
2 days ago
- Business
- Zawya
Lime Consumer Finance enters Egypt's fintech market with education-focused app
Egypt - Lime Consumer Finance, Egypt's largest dedicated platform for education financing and a wholly owned subsidiary of First Abu Dhabi Bank Group in the UAE, has officially launched into Egypt's fintech ecosystem. With education as its strategic entry point, Lime aims to address a vital need for families seeking affordable and flexible payment options. Licensed by Egypt's Financial Regulatory Authority (FRA), Lime's app provides structured, transparent, and accessible financing solutions, allowing families to plan and pay tuition across an integrated network of nurseries, schools, and universities. With over 30% of Egypt's population under the age of 15 (CAPMAS, 2025), education financing has become an urgent priority. Through the app, families can access installment plans ranging from 6 to 12 months, for amounts up to EGP 1m. The digital onboarding process and state-of-the-art credit decision engine enable financing approvals within minutes, ensuring convenience while remaining fully compliant with local regulations. 'With an initial investment of $9.4m, Lime enters the market at a time when Egypt is seeing growing demand for private education and rapid adoption of digital financial solutions—driven by a young population and supportive national strategies,' said Ahmed Mohsen, CEO and Managing Director of Lime Consumer Finance. 'We're proud to contribute to Egypt's Financial Inclusion Strategy by addressing a real market gap,' Mohsen added. 'Our mission starts with education, but we're building a platform designed to expand into other essential life sectors, always putting transparency and customer empowerment at the centre.' Lime's Board of Trustees brings together expertise spanning finance, education, healthcare, and law, including: Mariam El Samny, Head of Consumer Banking at FABMISR; Refaat Zayed, Head of Retail Credit at FABMISR; Abdallah El Ebiary, Managing Director at Alvarez & Marsal's Sovereign Advisory Services; Mohamed El Kalla, CEO of CIRA Education; Magda Habib, CEO and Founder of Dawi Clinics; and Omar Bassiouny, Founding Partner at Matouk Bassiouny and Group Head of Corporate and M&A. Backed by the financial strength and regional experience of First Abu Dhabi Bank Group, Lime aims to deliver sustainable impact and drive greater financial inclusion across Egypt's evolving fintech landscape—starting with education, and soon extending into other high-impact sectors.
Daily News Egypt
2 days ago
- Business
- Daily News Egypt
Lime Consumer Finance enters Egypt's fintech market with education-focused app
Lime Consumer Finance, Egypt's largest dedicated platform for education financing and a wholly owned subsidiary of First Abu Dhabi Bank Group in the UAE, has officially launched into Egypt's fintech ecosystem. With education as its strategic entry point, Lime aims to address a vital need for families seeking affordable and flexible payment options. Licensed by Egypt's Financial Regulatory Authority (FRA), Lime's app provides structured, transparent, and accessible financing solutions, allowing families to plan and pay tuition across an integrated network of nurseries, schools, and universities. With over 30% of Egypt's population under the age of 15 (CAPMAS, 2025), education financing has become an urgent priority. Through the app, families can access installment plans ranging from 6 to 12 months, for amounts up to EGP 1m. The digital onboarding process and state-of-the-art credit decision engine enable financing approvals within minutes, ensuring convenience while remaining fully compliant with local regulations. 'With an initial investment of $9.4m, Lime enters the market at a time when Egypt is seeing growing demand for private education and rapid adoption of digital financial solutions—driven by a young population and supportive national strategies,' said Ahmed Mohsen, CEO and Managing Director of Lime Consumer Finance. 'We're proud to contribute to Egypt's Financial Inclusion Strategy by addressing a real market gap,' Mohsen added. 'Our mission starts with education, but we're building a platform designed to expand into other essential life sectors, always putting transparency and customer empowerment at the centre.' Lime's Board of Trustees brings together expertise spanning finance, education, healthcare, and law, including: Mariam El Samny, Head of Consumer Banking at FABMISR; Refaat Zayed, Head of Retail Credit at FABMISR; Abdallah El Ebiary, Managing Director at Alvarez & Marsal's Sovereign Advisory Services; Mohamed El Kalla, CEO of CIRA Education; Magda Habib, CEO and Founder of Dawi Clinics; and Omar Bassiouny, Founding Partner at Matouk Bassiouny and Group Head of Corporate and M&A. Backed by the financial strength and regional experience of First Abu Dhabi Bank Group, Lime aims to deliver sustainable impact and drive greater financial inclusion across Egypt's evolving fintech landscape—starting with education, and soon extending into other high-impact sectors.
