valU, MENA’s Buy-Now, Pay-Later fintech platform, collaborates with Egypt’s Arab Developers to provide its residents with installment solutions for all home improvement and maintenance fees.
During a ceremony attended by Walid Hassouna, CEO of valU and Ayman Khalifa, CEO of Arab Developers Holding, the two companies announced their collaborative EGP 2.4 million installment plans, which will be put into effect starting from 1st of July 2022.
As part of a series of agreements by valU within the Egyptian real estate market, this partnership will allow Arab Developers’ residents to furnish their homes without the burden of having to pay upfront, through valU’s flexible installment plans.
“Our goal is to identify gaps in the market, diversify our portfolio of services to all Egyptians across all income brackets, and find innovative solutions to empower our customers to achieve their desired lifestyles through our innovative and comprehensive fintech platform,” said Walid Hassouna, CEO of valU.
Every resident will receive a maximum financing amount of EGP 2.4 million, with tenors ranging from six to 60 months, and without any required down payments or purchase fees.
“We are very excited to be partnering with valU, MENA’s leading BNPL service provider, as this collaboration will not only aid us in broadening our footprint and customer-base, but will also cater to our customers’ lifestyle aspirations.” said Ayman Khalifa, CEO of Arab Developers Holding.
Read more: Alhokair Family acquires minority stake in Egypt’s valU for $12.4 million
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