Qardy, the pioneering digital lending marketplace in Egypt and the MENA region, proudly announces the successful acquisition of a substantial $7-figure pre-seed investment. This funding round saw significant participation from notable investors including White Field Ventures, Sanabil 500 MENA Accelerator Fund, and Vastly Valuable Ventures, alongside other angel investors. This investment marks a major milestone, highlighting the confidence investors have in Qardy’s innovative financial services and its promising growth potential.
Rapid Growth and Trusted Partnerships
Since its soft launch in late 2022, Qardy has rapidly established itself as a trusted partner for MSMEs (Micro, Small, and Medium Enterprises) and financial institutions. The platform has onboarded over 6,000 corporate clients and facilitated loan transactions exceeding EGP 550 million (approximately USD 12 million). Qardy’s swift rise in the financial services sector underscores its commitment to revolutionizing the delivery of financial solutions in Egypt.
Cutting-Edge Financial Programs for MSMEs
Qardy leverages advanced technology to offer a diverse range of tailored financial programs designed to support MSMEs with their working capital and expansion needs. Through a robust network of financial institutions, including national and commercial banks, leasing and factoring companies, and microfinance institutions, Qardy ensures comprehensive financial support for businesses.
Statements from Key Stakeholders of Qardy
Tamer El-Manasterly, COO of Qardy, expressed excitement over this achievement: “We are thrilled to have reached this important milestone in our journey. The support and trust of our investors have been instrumental in driving our growth and enabling us to expand our reach and impact in the market. This investment will allow us to further enhance our services and accelerate our plans for expansion in KSA and the region.”
Amal Dokhan, Managing Partner at 500 Global, shared her optimism: “We are thrilled to support Qardy in their journey towards empowering businesses with accessible and efficient financial solutions. We are confident in their ability to drive positive change in the fintech sector.”
Kapil Agrawal, Managing Director of White Field Ventures, expressed his enthusiasm for partnering with Qardy: “We are thrilled to stand behind Qardy’s exceptional team as they drive forward with their vision to transform the lending sector in the region. Qardy’s adept execution capabilities and unwavering commitment to customer-centric solutions align perfectly with our investment ethos. We are excited about Qardy’s achievements and fully prepared to support their expansion into the KSA. We are confident in their ability to achieve continued success.”
Commitment to Excellence in Financial Services
Qardy’s commitment to transparency, efficiency, and customer satisfaction has quickly earned it a reputation for excellence in the financial services sector. As it continues to innovate and expand, Qardy remains dedicated to transforming the digital lending landscape in Egypt and the broader MENA region.
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