Egypt's Valu Secures $63.6 Million Financing Boost from National Bank

Egypt’s Valu secures $63.6 million financing boost, marking a big win for the country’s growing fintech scene. The Egyptian fintech company Valu has signed a short-term financing agreement of up to EGP3 billion (US$63.6 million) with the National Bank of Egypt (NBE). This deal shows strong support for innovative financial services in Egypt.

Founded in 2017, Valu is a lifestyle-enabling fintech platform. It offers customers and businesses convenient and comprehensive financial solutions. The company pioneered buy-now, pay-later (BNPL) solutions in the MENA region. This means people can buy items they want today and pay later in easy installments, without high interest rates from traditional loans. Valu has grown popular because it makes shopping and payments simpler for everyday Egyptians.

Beyond BNPL, Valu provides a variety of other solutions. These include investment products to help users grow their money. There’s also an instant cash redemption program, where people can quickly turn points or rewards into cash. Savings solutions let users set aside money safely and earn returns. For businesses, Valu offers HR payroll services to manage employee payments smoothly. All these tools make life easier, whether for personal needs or company operations.

Egypt's Valu secures $63.6 million financing boost

Egypt’s Valu secures $63.6 million from National Bank, giving it fresh fuel to expand. The EGP3 billion financing facility will help the company grow even more. This comes right after Valu’s recent launch in Jordan, showing its plans to reach new markets in the region. With this boost, Valu can serve more customers, roll out new features, and strengthen its position as a leader in fintech.

Egypt’s Valu secures financing boost from National Bank as part of a larger plan. The agreement fits into NBE’s broader strategy to support the non-banking financial sector. NBE wants to promote financial inclusion, which means helping more people access money services, even if they don’t have traditional bank accounts. It also aims to expand access to innovative consumer financing solutions across the Egyptian market. In a country where many rely on cash or struggle with loans, this push opens doors for safer, faster ways to borrow and spend.

This partnership highlights how banks and fintechs are teaming up in Egypt. Valu started as a BNPL pioneer but has built a full suite of services. The NBE funding arrives at a perfect time, as Egypt’s economy pushes for digital growth. More Egyptians now use mobile apps for payments, thanks to rising smartphone use and internet access. Valu’s tools fit right into this trend, helping young shoppers, families, and small businesses manage money better.

For customers, the benefits are clear. Imagine buying a phone or furniture without paying everything upfront. Valu’s BNPL spreads costs over months. Add in savings plans or quick cash options, and it becomes a one-stop shop. Businesses love the payroll features, which cut admin work and delays. With the new funding, Valu can reach underserved areas, like rural spots or lower-income groups, boosting financial inclusion.

NBE’s role here is key. As Egypt’s largest bank, it has the resources to back bold ideas. Supporting non-bank players like Valu helps the whole financial system grow. It creates jobs, spurs innovation, and builds trust in digital finance. This deal could inspire more partnerships, speeding up Egypt’s shift to a cashless future.

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