Contact Financial Holding, non-banking financial services in Egypt, signed a new financing program with Capiter. The financing program will start with EGP 100 million as a first stage.
Contact will help Capiter expand in all governorates of Egypt, as an extension of Contact’s expansion in supporting startups in Egypt, by enabling Capiter to finance its business and the business of its clients from SMEs to traders and suppliers in various fields, by creating an integrated chain of services through the Capiter platform.
Capiter started its operations in the Egyptian market in July 2020, and it provides its services through a network of more than 70,000 dealers and hundreds of global and local manufacturers, as well as owning a fleet of more than 400 trucks that offer more than 7,000 products through its platform, with a growth rate of 11 times on an annual basis.
Also read: Contact invests $9 million in Wasla
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