Egyptian startup Qardy, a marketplace and aggregator for debt financing, has partnered Cashcall to help drive financial prosperity for micro, small, and medium enterprises. Founded in July 2022, Qardy facilitates loans for MSMEs, with founder Abdel Aziz Abdel Nabi saying the startup’s goal was to be the “Amazon of lending”. “Qardy aims to cut the waiting time to get a loan from nine months to around 18 days. The strategic partnership is designed to deliver cutting-edge solutions catering to the financial needs of CashCall merchants and customers, granting them access to a diverse array of tailor made financial instruments. Qardy has selected Cashcall to benefit from its AI competency centre, dedicated to analysing user data and behaviour.

Source: The North Africa Journal December 27, 2023 09:22 UTC