Egyptian online lending marketplace Qardy has partnered consumer finance company Waseela to launch a digital consumer financing product. Since its launch, Qardy has established itself as a trusted partner for MSMEs and financial institutions, and now has over 1,000 corporate clients on its platform. Disrupt Africa reported in August the startup had secured a seven-figure US dollar pre-seed round of investment to help it expand, and it has now announced a partnership with Waseela, a consumer finance company licensed by Egypt’s Financial Regulatory Authority. “We are excited to announce our partnership with Waseela to launch consumer finance options for home finishing,” said Tamer El-Manasterly, COO of Qardy. “This partnership with Waseela marks a significant milestone for Qardy as we launch our first consumer finance product, dedicated to empowering individuals to realise their dream homes.”

Source: The North Africa Journal October 09, 2024 15:49 UTC