Fintech startup NowPay partners for credit facility to cover it addition for more products

EGYPT – NowPay, fintech startup, has signed a Memorandum of Understanding (MoU) with Export Development Bank of Egypt (EBE) for a credit facility to fund NowPay’s current salary advances product and to cover adding more products. This comes as EBE strives to accelerate financial inclusion by partnering with startups. The latest partnership deal is one of the earliest in Egypt between a traditional bank and a fintech company. “We believe that the cooperation with Export Development Bank of Egypt will assist in growing our current business model in addition to…

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