Egyptian financial technology company Valu has secured an EGP 600 million loan from the European Bank for Reconstruction and Development (EBRD). The financing is set to expand consumer access to green technologies across Egypt, enabling more households to purchase energy-efficient products through flexible payment plans.
Quick Facts
- Financing Amount: EGP 600 million loan facility.
- Key Players: Valu and the EBRD.
- Objective: Expand access to green consumer finance.
- Target Market: Households across Egypt.
Fueling Egypt’s Household Green Transition
The loan facility will allow Valu to offer dedicated financing for green products, bringing climate-related investment directly to the consumer level. Through its digital platform and network of merchants, the company will enable Egyptians to purchase items like solar solutions and energy-efficient home appliances with affordable payment terms.
This move aims to reduce household energy costs and stimulate demand for sustainable technologies. The partnership will also help Valu strengthen its internal processes for identifying and tracking eligible green investments, building a significant portfolio of green assets within the retail finance sector.
A Vote of Confidence in Valu’s Model
For Valu, the EBRD financing is a significant validation of its platform and operational capabilities. The collaboration recognizes the fintech company’s ability to scale sustainable solutions for a broad consumer base.
Karim Riad, CFO of Valu, stated: “This partnership with the EBRD highlights the trust that EBRD has in Valu’s ability to advance accessible green finance at scale in Egypt. By integrating dedicated green financing solutions into Valu’s platform, we enable consumers to make more sustainable purchasing decisions without compromising affordability or convenience.”
Riad added, “This transaction also reinforces our commitment to building a diversified and resilient funding base that supports long-term growth, while contributing to the transition toward a low-carbon economy. This isn’t just about capital; it’s a powerful validation of Valu’s sophisticated credit scoring, transparent governance, and world-class operational diligence.”
The EBRD, a founding member in Egypt, has invested over €14.6 billion in more than 225 projects in the country since it began operations there in 2012.
About Valu
Valu is a universal financial technology powerhouse in the MENA region offering customers and businesses comprehensive financial solutions. Under its product universe, Valu pioneered Buy-Now, Pay-Later (BNPL) solutions in the MENA region, providing customizable financing plans for up to 60 months across more than 9,000 stores and online platforms. It also offers investment products, an instant cash redemption program, and business-to-business solutions. Valu is listed on the Egyptian Exchange (EGX) and recently launched its services in Jordan.
Source: Zawya
