Latest news with #educationfinancing
Zawya
22-07-2025
- 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
21-07-2025
- 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
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
03-07-2025
- Business
- Zawya
Khaleeji Bank signs MoU with Euro University Bahrain to provide innovative education financing solutions
Manama, Kingdom of Bahrain: Khaleeji Bank, one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced the signing of a Memorandum of Understanding (MoU) with Euro University Bahrain. The agreement aims to offer tailored educational financing solutions to the university's students and their parents, including products such as the Ajyal Accounts and education financing facilities. The signing ceremony took place at Khaleeji Bank's headquarters in the GFH Tower, Manama, where the agreement was signed on behalf of the bank by Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, and on behalf of the university by Prof. Andrew Robert Nix, President of Euro University Bahrain, in the presence of a number of managers and officials from both institutions. This partnership underscores the bank's commitment to strengthening its role as a partner in ambition for its diverse client base, particularly students. It also reflects Khaleeji Bank's continuous efforts to support the education sector through innovative, Shari'a-compliant banking products and services that cater to evolving needs and enhance the financial sustainability of the sector. Under the MoU, Khaleeji Bank will offer an education financing option enabling parents to secure funding for tuition fees with a convenient repayment plan, helping them manage their financial commitments while securing their children's future aspirations. The collaboration also seeks to encourage students to explore a variety of financial products and offerings, especially the Ajyal Accounts, benefiting them throughout their academic and personal journeys. Additionally, regular workshops will be organised on campus to introduce students to dedicated banking products and financial management practices, fostering a culture of saving and financial responsibility among the youth. On this occasion, Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated: 'We are delighted to strengthen our partnership with Euro University Bahrain. At Khaleeji Bank, we believe that investing in education is the most important investment for the future of our nation. Through this partnership, we provide flexible and Shari'a-compliant financing solutions that enable students to focus on their studies without placing undue financial burdens on their parents, while also contributing to building a generation equipped with the tools for success and fostering lasting trust between the bank and the academic community in the Kingdom of Bahrain.' For his part, Prof. Andrew Robert Nix, President of Euro University Bahrain, commented: 'This agreement marks a strategic step towards enhancing the learning environment at Euro University Bahrain. It paves the way for innovative financial solutions that allow our students to pursue their academic programmes with greater ease, encourages parents to invest in their children's futures, and affirms our commitment to offering a holistic educational journey that combines quality with affordability, further strengthening our partnership with national players in the financial sector.' Khaleeji is a leading Islamic Bank that strives to achieve clients' ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies.
