Cairo — March 10: Egyptian fintech company Fawry has announced a new partnership with Erada Finance, a lender specializing in financing micro, small, and medium-sized enterprises (MSMEs), to provide businesses with instant access to financing through Fawry Plus branches across Egypt.
The initiative enables eligible businesses to receive and collect financing through Fawry’s nationwide branch network, introducing a digital disbursement system designed to speed up funding processes for small enterprises.
The collaboration supports Egypt’s broader financial inclusion strategy and aligns with Egypt Vision 2030, which prioritizes the digital transformation of financial services and expanded access to funding for businesses.
Through real-time digital integration between the two companies, the system allows funds to be disbursed immediately while minimizing the risks linked to cash handling. The digital approach is also expected to reduce congestion at traditional financial institutions by offering a faster and more accessible method for receiving financing.
Fawry Plus branches operate as comprehensive financial service hubs, providing payment services, cash collection solutions, and digital tools that help small and medium-sized businesses access financing more efficiently.
