EFG Finance SMEs and Klickit Power Growth for Egypt’s Education SMEs
EFG Finance SMEs, a provider of financing for small and medium-sized enterprises (SMEs), has collaborated with Klickit, a fintech company in the education sector, to enhance access to financing for SMEs—the education merchants that operate within Klickit’s platform across Egypt. This will be achieved by integrating tailored loan solutions into Klickit’s digital platform, streamlining the lending process, and supporting financial inclusion and economic growth.
This integration will enable educational institutions to access working capital in real-time, eliminating the friction typically associated with traditional lending channels. This model presents a quicker and more accessible lending approach that can significantly enhance the growth of SMEs in the education space.
Commenting on this, Moataz Abbas, Operations Senior Head at EFG Finance SMEs, said, “EFG Finance is intensifying its role as a provider of innovative financing solutions for small and medium-sized enterprises (SMEs) with a strategic partnership that broadens access to credit. By integrating with Klickit’s fintech platform, EFG Finance expands its reach to a larger pool of underserved SMEs through a streamlined, digital lending process designed to deliver impact at scale.
Klickit operates in the education space, a sector that is increasingly recognized as vital to both economic growth and long-term development. By utilizing Klickit’s platform, EFG Finance SMEs aims to support educational entrepreneurs and institutions that depend on timely, flexible financing for scaling their operations, which is vital for sustained macroeconomic and microeconomic growth.”
Youssef Galal, Co-Founder and Egypt Country Manager at Klickit, stated, “By integrating EFG Finance SMEs’ embedded financing solutions into Klickit, we are empowering our merchants with more than just seamless payments and automated reconciliation. We are unlocking access to finance through a digital, frictionless experience that supports growth at every stage. This partnership reinforces Klickit’s commitment to embedding essential financial services within our platform, helping merchants scale their operations and drive durable, long-term value for their businesses.”
By collaborating, both companies enhance their contributions to financial inclusion, expand their market reach, and align with their shared strategy of using technology to create new growth opportunities.
Fintech-enabled, data-driven lending is emerging as the next wave in digital financial services across emerging markets, expanding beyond payments to deepen financial empowerment for businesses. This transition places both institutions at the forefront of this transition, indicating a wider movement towards smarter credit decisions, quicker funding, and enhanced inclusion in developing economies.
مواضيع متعلقة
- “خبراء القطاع المالي” الذكاء الاصطناعي يعيد تشكيل الـDNA المالي ويدفع طفرة غير مسبوقة في الخدمات الرقمية
- البنك المركزي يغرم بنك الكويت الوطني 170 مليون جنيه بسبب مخالفات ائتمانية لصالح بلتون
- DALTEX Partners in the Launch of ORTH, the World’s First AI Agricultural Engineer
- الذهب يستقر في السعودية عند 433.75 ريال.. والأسواق تترقب اجتماع الفيدرالي
