Contact, a non-banking financial services company, signed a collaboration protocol with Toothpick as part of its strategic plan to invest one billion EGP the health care sector during the second half of this year.
Through this partnership, Contact will support the expansion of Toothpick in Egypt and its regional expansion by providing a financing program that serves the dental sector to enable dentists in emerging markets to benefit from e-commerce services, payments, and consumer financing to facilitate the procurement of their supplies, equipment, and even their training courses.
“We look forward to supporting Toothpick by enhancing its payment and financing tools, as Contact through this partnership enables dentists to meet their purchasing needs regarding the equipment of their dental clinics with a credit limit of EGP 100,000 and a 6-month interest-free repayment period and without a down payment. Furthermore, dentists will be given an additional credit limit for consumer finance to be used in different shopping outlets, This assures the extent to which Contact seeks to expand and widen its scope to support businesses across different advanced credit services,” Said Zater, CEO of Contact Financial Holding, said.
This partnership comes in the light of the continuous expansion of Contact’s credit services to serve a wide variety of digital platforms and enabling emerging tech-based projects.
Toothpick is a mobile application that uses techn to provide dental practitioners, dental product suppliers, and other industry stakeholders with an easy-to-navigate, streamlined ecosystem.
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