ZAWYA: Fawry and Erada Finance strengthen strategic cooperation

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Partnership enables secure and efficient loan disbursement to beneficiariesReal-time digital integration accelerates disbursement cycles and supports sustainable SME growthCairo: Fawry, Egypt’s leading fintech company, announced the activation of its official partnership with Erada Finance, a company specialized in microfinance and SMEs, in a strategic step aimed at redefining the financing experience in Egypt. This initiative enables beneficiaries to receive their financing through Fawry’s nationwide branch network, aligning with the government’s direction and Egypt’s Vision 2030 to accelerate digital transformation and achieve financial inclusion.This partnership marks a new milestone in supporting the financing of micro, small, and medium enterprises, enabling beneficiaries of Erada Finance Microfinance to access their funds instantly and securely. The mechanism operates through real-time digital integration, reducing the risks associated with cash handling, easing congestion at traditional branches, and accelerating the financing cycle for micro, small, and medium enterprises.Commenting on the partnership, Hossam Ezz, Chief Commercial Officer at Fawry, stated: “Our collaboration with Erada Finance reflects the strategic importance we place on supporting the Financing for micro, small, and medium enterprises (MSMEs) as a key pillar of the national economy. We are committed to delivering seamless and secure solutions through Fawry’s diverse channels, strengthening our financial services portfolio, and reinforcing Fawry’s position as a leading technology enabler that provides the infrastructure required to drive digital transformation and innovation across the financial sector.”For his part, Amr Abou El Azm, Co-founder, CEO, and Vice Chairman of Erada Finance, commented: “Our partnership with Fawry reflects our commitment to enhancing the customer experience and providing faster access to financing. By leveraging the geographic reach of Fawry’s branches, we have been able to expand the scope of our services and reach a larger segment of customers, supporting Egypt’s financial inclusion strategy and enabling underserved populations to access the financing they need for their projects efficiently and conveniently.”This step comes as a continuation of the role of Fawry and Erada Finance in enabling the digital economy, with Fawry Plus branches serving as in...

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