ValU
Valu, MENA’s leading universal financial technology powerhouse, is bringing Ulter, its high-value purchase financing program offering up to EGP 15 million.
EFG Hermes will handle the offering as a financial advisor, and there may be other advisors involved, according to Husseini.
“Joining forces with Paynas will act as a gateway for valU to reach micro, small and medium businesses who are considered to be the backbone of the economy, with the goal to unlock various opportunities to both employers and employees,” it stated.
After the completion of obtaining regulatory approvals and ensuring that the agreed terms are met, this deal will be the first investment by the saudi Al Hokair in one of the Egyptian buy now and pay later (BNPL) platforms.
