Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Egyptian fintech valU acquires minority stake in Kiwe

Egypt-based fintech startup, valU has acquired a minority stake in Kiwe, a fintech startup focused on banking the unbanked in Egypt. * Founded in 2017, valU is a subsidiary of EFG Hermes Holding that provides a buy now pay later (BNPL) service with a presence in Egypt and Saudi Arabia. While

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah
Egyptian fintech valU acquires minority stake in Kiwe
Photo by Paul Hanaoka / Unsplash

Egypt-based fintech startup, valU has acquired a minority stake in Kiwe, a fintech startup focused on banking the unbanked in Egypt.

  • Founded in 2017, valU is a subsidiary of EFG Hermes Holding that provides a buy now pay later (BNPL) service with a presence in Egypt and Saudi Arabia. While Kiwe is a fintech startup with a focus on young people, allowing them collect, send and spend money through its app.
  • Kiwe also provides a digital platform for small businesses and startups to collect payments and make their business process seamless.
  • This acquisition will help deepen valU's mission to fuel the growth of cashless transactions and widen its client base of young individuals.
  • By combining Kiwe’s service offering with valU’s BNPL plans, valU is delivering on its vision of becoming a holistic financing powerhouse, providing progressive and convenient solutions to every aspect of people’s daily lives.
Acquah Nana Yeboah profile image
by Acquah Nana Yeboah

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More