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FinTech

Al Ahly Capital finalizes procedures for 51% stake of Easy Lease

Al Ahly Capital, the investment arm of the National Bank of Egypt, recently completed procedures to acquire a 51% stake in Easy Lease, a subsidiary of El Sewedy Capital

CBE-backed FinTech Egypt launches Women for Women in FinTech to empower female entrepreneurs

The “Women for Women in FinTech” initiative falls under the “Accelerate'ha" initiative, launched back in 2021 by the CBE to accelerate the development of innovative FinTech solutions for women-led businesses

CBE finalizes draft law to regulate alternative financing and FinTech

The main objectives of the law include establishing clear regulatory and supervisory boundaries for both the CBE and the FRA, defining the scope of their jurisdiction

FRA sets EGP 15M limit for FinTech startups to operate in non-banking finance

The purpose of this resolution is to ensure the companies’ financial solvency and ability to provide their services efficiently

Fawry completes investigation & assures no breach to customers’ financial data

Fawry engaged Group-IB, a leading creator of cybersecurity technologies that investigates, prevents, and fights digital crime