EGYPT – Beltone Holding has signed a strategic partnership agreement with Abu Dhabi-based Comera Financial Holding to bolster Egypt’s digital transformation and customer experience.
Comera, a group with assets in technology, fintech, and services, and Beltone, a financial institution, will also cooperate in innovative technological solutions to launch new products in the Egyptian and MENA markets.
“We are excited to work with Beltone Holding, a trusted leader in Egypt’s financial sector, to support their vision for growth through digital innovation,” said Akhtar Saeed Hashmi, Managing Director of Comera Financial Holding.
“Our partnership will leverage Comera’s proven experience in innovative solutions and Beltone’s deep market knowledge to deliver an advanced experience for its customers.”
According to a press release, under the agreement, the two companies will join forces to develop and implement new products to upgrade customer experience in Egypt in the fields of payments and customer finance, SME finance, and supply chain finance.
“We are delighted to partner with Comera Financial Holding, aligning Beltone’s expertise with their innovative technology solutions to transform the financial landscape,” said Dalia Khorshid, Group CEO of Beltone Holding.
“This collaboration represents a pivotal step forward in our commitment to enhancing digital access and improving financial services for our customers.
“Together, we aim to set new standards in efficiency and customer satisfaction, driving significant growth and sustainable development in our markets.”
In April this year, Beltone Investment Holding (BIH), a subsidiary of the financial solutions provider in the Middle East and North Africa Beltone Holding, launched a US$100 million private credit platform to address the unique financial needs of Egyptian export champions.
Egypt boasts diverse companies poised to become the future pillars of an export-oriented economy, covering traditional industries and emerging sectors such as artificial intelligence, manufacturing, agriculture, and tourism.
Beltone Holding aims to fill this gap by offering a comprehensive platform that meets the specific requirements of Egyptian export champions.
Prior to that, Beltone Holding announced a multidimensional collaboration agreement with BOA Group, the holding company of Bank of Africa – BMCE Group that operates in Sub-Saharan Africa, in February.
Beltone aims to expand its presence in the African region by developing mutual growth and cross-selling products in the African markets.
This collaboration is a significant milestone for both Beltone and BOA Group as they start a journey of shared success, using synergies to explore new opportunities in the dynamic African landscape.
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