Egyptian startup Qardy, a marketplace and aggregator for debt financing, has partnered microfinance company Sandah to give MSEMs access to the necessary tools and resources. 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. “We are thrilled about this strategic collaboration with Sandah. Together we aim to expand our coverage to cover the full extent of MSMEs sector, providing them with tailored financial products to both manage their cash flow cycles and cover their working capital needs,” Nabi said.

Source: The North Africa Journal September 14, 2023 08:03 UTC