Latest news with #digitalfinancialsolutions
Zawya
21-07-2025
- 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.
Zawya
09-07-2025
- Business
- Zawya
Egypt: Catalyst Partners Middle East approves $56mln share swap deal to acquire Qardy, Catalyst Holding
Arab Finance: Catalyst Partners Middle East, the first licensed special purpose acquisition company (SPAC) in Egypt, has secured shareholder approval to acquire Qardy for Digital Applications and Catalyst Partners Holding in a share swap deal valued at EGP 2.8 billion, as per a press release. The acquisitions were approved during CPME's extraordinary general assembly, with 99.95% of the issued capital represented at the meeting. The vote excluded founders and related parties, in accordance with the approved terms and valuation ratios. The transaction is based on a fair valuation conducted by BDO Keys Financial Consulting, an independent advisor accredited by the Financial Regulatory Authority (FRA). Qardy operates in digital financial solutions, while Catalyst Partners Holding is involved in non-banking financial services. The acquisitions support CPME's plan to build a unified platform in the non-banking financial services sector that serves a range of businesses, from corporates to SMEs and microenterprises. The assembly also approved allocating proceeds from CPME's December 2024 private placement, carried out through a capital increase, to expand Catalyst Leasing's and Catalyst Factoring's activities. The transaction is intended to improve coordination across group companies and support the company's broader approach to financial services, with a focus on fintech and financial inclusion, according to the board of directors. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
