• Swypex has teamed up with Visa to transform business payments in Egypt, offering innovative solutions to streamline financial operations, boost efficiency, and manage corporate spending through integrated tools.
• Since its launch in 2024, Swypex has scaled rapidly, increasing transaction volumes by 100x and reducing client cash reliance by 70%, reflecting strong market confidence.
• Swypex equips businesses with corporate cards and smart controls, enabling real-time tracking and seamless integration with ERP systems, enhancing financial management capabilities across enterprises.

Swypex, the all-in-one financial management platform, signed a strategic partnership with Visa, a global leader in digital payments, to revolutionize how businesses manage finances, streamline operations, and adopt smarter payment solutions.

Growth and Market Impact

According to Swypex’s insights, since its launch in May 2024 following a USD 4 million seed investment, the fintech has onboarded hundreds of businesses, scaling transaction volumes by 100x and reducing client reliance on cash by 70%. This rapid growth reflects market confidence in Swypex’s solutions, aligning with Visa’s expectations for the partnership’s impact on the Egyptian market.

The partnership aims to unlock new revenue streams while delivering integrated solutions for enterprise customers, focusing on B2B payments, expense management, and corporate spending controls. Visa’s contribution goes beyond financial backing by offering access to its global network, expertise, marketing, and resources.

Empowering Businesses with Financial Control

Additionally, Swypex equips businesses with unlimited corporate cards and smart controls for efficient spending management. Companies can set limits, specify permissions, and track employee transactions in real-time. The centralized platform integrates with ERP systems, accounting software, and government e-invoicing solutions.

Visa has also actively engaged with Egyptian startups, providing them with tools and resources to scale their operations. Malak El Baba, Visa’s Egypt Country Manager, highlighted the collaboration’s role in driving financial inclusion and economic growth in the region.

A New Era for Business Payments

Moreover, Swypex Co-Founder and CEO Ahmad Mokhtar commented on the collaboration, signaling a new era for business payments in Egypt, with a vision of delivering secure and scalable financial solutions that help businesses thrive in an ever-evolving market.

Tarek Mokhtar, Swypex Co-Founder and CTO, emphasized the role of technology in simplifying financial operations for Egyptian businesses and highlighted Visa’s support in pushing the platform’s boundaries with advanced features.

Furthermore, Visa’s global fintech partnerships have driven digital adoption, with significant growth in digital payment usage in markets like Brazil and India.

The partnership in Egypt is expected to lead to similar innovation, operational efficiency, and improved customer satisfaction.