Egypt’s Qardy secures seven-digit pre-Seed

Qardy, the pioneering digital lending marketplace in Egypt and the MENA region, has successfully raised a seven-figure pre-seed investment round. This significant funding effort saw participation from notable investors, including White Field Ventures, Vastly Valuable Ventures, and several prominent angel investors.

Since its soft launch in late 2022, Qardy has rapidly gained traction, attracting over 6,000 corporate clients to its innovative platform. To date, Qardy has facilitated loan transactions exceeding $12 million, underscoring the growing demand for accessible and tailored financial solutions in the region.

Qardy specialises in providing a diverse array of financial programs specifically designed to support micro, small, and medium-sized enterprises (MSMEs) with their working capital and capital expansion requirements. The platform’s success is built on a robust network of financial institutions, encompassing national and commercial banks, leasing and factoring companies, as well as microfinance organisations.

The infusion of new capital will enable Qardy to further enhance its platform capabilities, expand its service offerings, and deepen its reach within the MSME sector across Egypt and the broader MENA region.