Tadbiir for Leasing and Factoring Company said Wednesday that it has launched its non-banking financial services to better support the small and medium-sized enterprises (SMEs) in Egypt in line with the government’s strategic vision to boost financial inclusion.
The company unveiled both Leasing and Factoring services in its initial phase to help improve the financial environment for its customers in particular and society in general.
“The launch of Tadbiir and its ambitious future expansion plan in the meantime reflects our confidence in the Egyptian market as well as our belief in our ability to provide innovative solutions to small and medium-sized enterprises,” Ahmed Kamal Selim, Founder, CEO and Board Member of Tadbiir for Leasing and Factoring said in a statement.
Tadbiir opened its doors for business in the last quarter of 2022 and have since issued $13.2 million (EGP 110 million) in loans. The company’s strategy focuses on supporting the SMEs sector which 47% of its companies still do not have banking services.
Tadbiir, a subsidiary of Edge Holding for Investments Company, is a full-fledged financing company and kicked off its operations with its first office in Cairo with plans to expand in the Delta and Upper Egypt by the end of 2024.
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