Swypex, the Egyptian fintech aiming to modernize how local businesses handle their finances, just dropped the country’s first Approval-Based Limits Card. It’s a smart corporate card that gives finance teams real-time decision-making power; spending is only unlocked after approval has been granted.

The product, available exclusively under Swypex’s new “Premium” tier, gives companies real-time control over how and when employees can spend. Instead of preset monthly limits, the card refreshes its balance only after each transaction is reviewed and approved. The system mimics the operational flow of petty cash but replaces it with automated, real-time controls. Acting like a rotating balance, it ensures no employee spends beyond what’s been approved, streamlining oversight and eliminating the need for fragmented, manual processes.

“Egyptian businesses want control without friction — and this card gives them exactly that,” said Swypex CEO Ahmad Mokhtar. “It’s the bridge between old-world cash management and modern, secure corporate spending.”

Unlike traditional corporate cards with static monthly limits or manual reimbursements, Swypex’s Approval-Based Limits Card offers dynamic, transaction-level control, and that’s a first in Egypt. By requiring real-time approval before any spending is cleared, the card emulates the flexibility of petty cash while eliminating its inefficiencies. It gives finance teams precision without micromanagement, reducing fraud risks and enabling confident, accountable spending across departments.

The launch is a fresh addition to Swypex’s all-in-one financial platform, which last year secured a $4 million seed round led by Accel, the VC giant’s first fintech bet in the MENA with backing from Foundation Ventures, Raba Partnership, and a group of high-profile angels. Licensed by the Central Bank of Egypt (CBE), the platform aims to digitize and streamline everything from payment processing to invoice management and corporate cards, all under one roof.

In a country where 3.8 million businesses still wrestle with fragmented systems and manual workflows, Swypex is positioning itself as the infrastructure layer for modern business finance. The startup’s goal: automate the tedious stuff, improve financial visibility, and eliminate the kind of inefficiencies that fuel employee fraud and slow down growth.

Swypex’s move comes at a time when Egypt’s financial infrastructure is going digital fast. Over 74% of adults are now financially included, mobile wallet use is rising, and yet B2B transactions are still clinging to cash, especially among SMEs. Swypex is betting that the right tools, built for the local market, can finally change that. With its approval-based cards, finance teams can issue department-specific cards with built-in limits, and spending is unlocked only after each transaction is reviewed and approved. This level of control and accountability gives businesses a real alternative to outdated cash handling.

“We build products that specifically cater to the needs of the local market while pushing boundaries and spearheading innovation in the region,” said Tarek Mokhtar, Co-founder and Chief Product Officer.

The Approval-Based Limits Card is just one part of the new Swypex Premium bundle. Other perks include unlimited cashback, customizable spend controls, and tailored approval workflows.

Swypex is making a play to become Egypt’s go-to finance platform for businesses, not just by offering cards but by reshaping how spending is authorized, tracked, and optimized in real-time.

And for Egypt’s growing SME sector, that could mean one less petty cash headache.