Latest news with #valU
Zawya
2 days ago
- Business
- Zawya
Vaiu partners with RoboGarden Egypt to support digital skills training for youth
Arab Finance: valU has partnered with RoboGarden Egypt to offer financial solutions for the 'Learn to Earn' initiative, which aims to provide Egyptian youth, particularly women and people with disabilities, with digital skills for today's job market, as per an emailed press release. The initiative, launched by RoboGarden Egypt, offers digital training programs through a hybrid learning model that includes self-paced content, live online sessions, and in-person workshops. Under this partnership, five training cohorts will be held, each comprising 25 participants, bringing the total number of learners to 125. These pathways cover areas such as web development and other digital skills aimed at employment and freelance opportunities in Egypt's digital economy. Participants receive certificates upon completing 75% of the program, with their progress monitored through attendance, assessments, and analytics. Through this partnership, Valu is providing payment plans to make the program more accessible. The company is also hosting five training cohorts at Valu Café, sponsoring a total of 20 students. In each cohort, four participants will receive a 50% discount on program fees. Valu said the partnership expands its offerings in education and skill development, in line with Egypt's national development goals. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Egypt: Vaiu secures FRA approval for $202mln securitization program
Arab Finance: U Consumer Finance, known as valU, has received regulatory approval from the Financial Regulatory Authority (FRA) for a securitization bond program worth EGP 10 billion. The FRA's board granted the license to EFG Securitization, valU's financial advisor, to proceed with the seventh securitization program. The bonds will be issued against valU's future financial rights portfolios, with a ceiling of EGP 13 billion. The FRA stated that the program will span two years from the date of approval and is expected to be executed through up to nine issuances. valU explained that this step aligns with its strategy to diversify funding sources, noting that securitization remains a key financing tool to support business growth and enhance financial flexibility. In a related development, valU had previously disclosed that Amazon exercised its right to acquire a 3.95% direct stake in the company's issued capital. This move, executed under a May 2022 agreement, highlights the confidence of leading global technology players in Egypt's digital financial sector. The agreement granted Amazon the right to purchase $10 million worth of global depository receipts (GDRs) in EFG Hermes Holding, with the option to exchange them for a stake in ValU. The transaction will be finalized during ValU's first trading session on the Egyptian Exchange (EGX) at EGP 6.041 per share through a block trading, pending regulatory approvals. Founded in late 2017, ValU is a leading financial services technology platform in Egypt. It provides a range of innovative solutions aimed at enhancing customer quality of life and advancing financial inclusion. Its offerings include investment solutions, cashback services, and savings plans across five segments: U, Business, Aqeed, Flip, and Invest. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
11-07-2025
- Business
- Zawya
Egypt: Vaiu secures Central Bank of Jordan's initial approval to launch BNPL services
Arab Finance: valU has received initial approval from the Central Bank of Jordan to launch its buy now, pay later (BNPL) services in the country, marking a step forward in its regional expansion, as per an emailed press release. The fintech company, recently listed on the Egyptian Exchange (EGX), considers Jordan a key market in its broader plan to grow across the MENA region in response to rising demand for flexible payment solutions. valU's entry into Jordan follows a period of market assessment and preparation, including the hiring of professionals with experience in the local financial sector and the formation of partnerships with merchants and financial institutions. The company stated that Jordan offers a growing market for digital financial services, with consumers increasingly seeking accessible payment tools. valU's BNPL platform offers installment-based payment plans across sectors such as retail, electronics, and healthcare, allowing consumers to make purchases without paying the full amount upfront. The model aims to support financial access and expand purchasing options. For merchants, valU's services are designed to help increase sales and improve customer retention through integrated payment options. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-06-2025
- Business
- Zawya
Egypt: Vaiu wraps up $17mln securitized bond
Arab Finance: valU has closed its 16th securitized bond issuance, raising EGP 858.9 million in collaboration with EFG Hermes, a subsidiary of EFG Holding, as per a disclosure. This is the sixth issuance under valU's ongoing EGP 16 billion securitization program. The bond is backed by a receivables portfolio assigned to EFG for Securitization, which serves as the special purpose vehicle (SPV) for the transaction. It is a 12-month bond with a fixed interest rate and has been rated Prime 1 (sf). valU has also submitted a request to the Financial Regulatory Authority (FRA) for approval of a new short-term multi-issuance securitization program valued at EGP 10 billion. The program, backed by portfolios worth EGP 13 billion over two years, is planned to include up to nine issuances. EFG Hermes acted as sole financial advisor, transaction manager, bookrunner, underwriter, and arranger. Arab African International Bank (AAIB) served as the underwriter and custodian. Arab Banking Cooperation (ABC) and Industrial Development Bank (IDB) were subscribers to the issuance. Dreny & Partners acted as legal advisor, and Baker Tilly as auditor. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-06-2025
- Business
- Zawya
Egypt: EFG Hermes completes advisory on Vaiu's EGX listing
Arab Finance: EFG Hermes, an EFG Holding company, concluded advisory on the listing of U Consume Finance (valU) on the Egyptian Exchange (EGX) under the ticker valu, according to a press release. The listing was implemented through an innovative in-kind dividend distribution, where EFG Holding distributed 20.488% of Valu's share capital to its shareholders, as of the record date, June 12th, 2025. On its debut, Amazon acquired a 3.95% direct stake in valU for a price per share of EGP 6.041 and the share price witnessed a positive performance, closing at EGP 7.4 per share. EFG Hermes acted as the sole financial advisor for EFG Holding and valU in both the EGX listing and Amazon's stake acquisition. Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented: 'We believe this landmark transaction shall serve as a positive catalyst for the revival of activity on the stock exchange.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
