A Financial Projects Company signed a cooperation agreement with the Singlerietti Finance platform, as part of a series of alliances and partnerships carried out by a financing company to enhance its market position..
The agreement aims to reach a new segment of customers dealing with the Dabahley platform by providing the necessary funding to cover the required supplies for the activities of these clients..
The agreement was signed.
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Amr Abu Al -Azm said that the agreement is based on the application of the concept of financial inclusion in a new way that would facilitate the financing process and highlight all available products in order to provide the required financing for projects..
Abu Al -Azm added that this partnership will allow the provision of financial services and products for a new financing company, as it provides very small and micro projects a smooth digital experience through technological developments, as it will meet the advanced financial needs and expectations of companies in our superior digital world.
The agreement stipulates that the Singlerite Finance Company adds a financing company to the "Dabahley" platform, which provides service management service to companies and owners of medium, small and micro projects to become "financing" the first service provider on the platform.
Mohamed Tayseer said that this new cooperation between the two sides makes the "Dabahali" platform the link between suppliers and business owners, provided that the "financing" company provides financing services and made them available to companies and medium, small and micro projects; To reach the financing service through the "Dabahali" platform, and thus the works (price offer - purchase - financing) is completed through an integrated platform that helps to achieve the full growth of various businesses in various industries (raw materials for manufacturing - ready -made products for sale), thus serving the platform users (Factory owners - suppliers - merchants - companies) in purchasing, selling, marketing and financing operations.
Mohamed Tayseer expressed his happiness with this first partnership of its kind in the field of financing small and micro projects as it allows beneficiaries to reach a wide range of products that meet their business needs while providing financial services that support their business growth and sustainability, as well, this partnership will facilitate customers' access to eachFrom online products and financing to achieve the state's strategy to digitize the financial services sector.
Tayseer emphasized his appreciation for the supportive role played by the Financial Supervisory Authority headed by Dr. Mohamed Omran for the microfinance industry in Egypt.
For his part, Ahmed Khorshid, CEO and managing director of a financing company, confirmed;On the importance of this agreement and it comes within the efforts of the Financial Supervisory Authority to expand the use of the latest technological methods in line with the sustainable development strategy Egypt Vision 2030.
It is noteworthy that the Centianity Finance Company is an emerging company specialized in implementing electronic applications in the field of financial technology and it works to provide innovative solutions to achieve the concept of financial inclusion and sustainability.
The "Dabahley" platform is the first applications of the company and followed by many other applications that support the implementation of mechanisms of financial inclusion at the level of individuals and institutions.
It is worth noting that a funding company for micro projects is a non -banking financial institution established in 2018 with a source of a source of 75 million pounds and contributes to its capital..
