هذه المقالة متاحة أيضًا بـ العربية (Arabic)
- Klivvr launches BNPL service in Egypt with approval from the Financial Regulatory Authority (FRA).
- The service offers flexible payment options and instant approvals via the Klivvr app.
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The launch addresses rising consumer demand for installment solutions amid increasing living costs.
Klivvr, the leading digital money management platform, has officially launched its “Buy Now, Pay Later” (BNPL) service in Egypt after receiving approval from the Financial Regulatory Authority (FRA). The new service ushers in a new era of financial flexibility and inclusion, aligned with Klivvr’s mission to democratize access to smart financial solutions in the Egyptian market.
What Is Klivvr’s BNPL Service?
Klivvr’s BNPL feature introduces a new way for users to manage daily spending by combining the simplicity of upfront payments with the flexibility of installments. Key features include:
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Instant approvals
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Personalized credit limits tailored to each user
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No paperwork or third-party steps—everything is done within the Klivvr app
“We aim to drive a fundamental shift in financial services in Egypt,” said Nils Bechtler, CEO of Klivvr.
“This service is a fresh start for users to take full control of their financial decisions with unprecedented confidence and clarity. It aligns with our mission to provide a transparent and user-friendly financial experience.”
Building an Integrated Financial Ecosystem
Omar Sherif, Chief Technology Officer at Klivvr, noted:
“This step allows us to seamlessly integrate lending services into our ecosystem and provide users with a more flexible and intuitive experience. We’re not just adding a feature—we’re unlocking innovative financial capabilities that empower our users to achieve their goals with confidence and ease.”
Timely Innovation Amid Rising Demand
The launch comes at a critical time when Egyptians are increasingly seeking smarter financial tools to manage their budgets. With the rising cost of living, demand for installment-based options has reached record levels.
Basem Youssef, Group CFO at Klivvr, added:
“Our mission is to connect consumer needs with financial sustainability. Introducing BNPL into the Klivvr ecosystem enhances our revenue model and delivers exceptional value to users. We’re entering a new era of data-driven, responsible growth.”
Background Context
In November 2024, Orascom Financial Holding initially approved a tender offer from Klivvr Holding Limited to acquire 59.39 million shares, representing 98.99% of Klivvr for Electronics and Digital Payments—signaling confidence in the company’s long-term fintech strategy.
