Egyptian fintech, Qardy, has secured a 7-figure USD pre-seed round of investment, with participation from White Field Ventures and Vastly Valuable Ventures among other angel investors. Qardy is described as the first digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs (micro, small, and medium enterprises). Since their soft launch in late 2022, the startup has quickly established itself as a trusted partner for MSME’s and financial institutions. Amal Dokhan, Managing Partner at 500 Global, says:“We are thrilled to support Qardy in their journey towards empowering businesses with accessible and efficient financial solutions. We are excited about the achievement Qardy has reached and are fully prepared to support their expansion into the KSA.

Source: The North Africa Journal August 07, 2024 09:31 UTC