Egyptian fintech Octane, a specialist in digital wallets and vehicle expense management, has announced a strategic cooperation agreement with ExxonMobil Egypt. The partnership aims to modernize Egypt’s transport and fleet services by creating a nationwide digital ecosystem for vehicle management.
A Strategic Alliance For Digital Transformation
This collaboration integrates Octane’s innovative fintech solutions with ExxonMobil Egypt’s extensive network of Mobil service stations. While ExxonMobil will supply its premium fuels and lubricants, Octane will provide the digital backbone designed to enhance fleet management, increase transparency, and boost operational efficiency for businesses across the country.
Amr Gamal, CEO and Board Member of Octane, described the collaboration as a “milestone that reflects trust, empowerment, and leadership.” He noted that the partnership significantly strengthens Octane’s market position and advances its mission to drive innovation in fleet management and fuel logistics.
Launching The Digital Refueling System
A key outcome of the partnership is the launch of a new Digital Refueling System. This integrated platform offers fleet operators a comprehensive solution to monitor fuel consumption, track vehicle performance, and manage maintenance schedules in real time. The system is designed to streamline day-to-day operations and improve productivity throughout Egypt’s transport sector.
Sherif Serag El Din, Vice Chairman and Managing Director at ExxonMobil Egypt, stated that the initiative is a major step in the company’s digital transformation agenda, aligning with programs like Mobilawy, Egypt’s first fuel and lubricants loyalty program.
Octane’s Rapid Market Ascent
Backed by ElSewedy Capital Group, Octane was co-founded by seasoned executives with experience at global firms like McKinsey, P&G, Honeywell, and Total. The company has demonstrated impressive growth over the past three years, successfully introducing six core products and managing the sale of over one billion liters of fuel through its platforms. This new alliance with a global industry leader like ExxonMobil further cements its position as a key innovator in the region’s fintech landscape.
About Octane
Octane is an Egyptian financial technology company specializing in building digital wallets and integrated platforms for vehicle expense management. The company provides advanced solutions for fleet operators to streamline logistics, monitor fuel consumption, and improve overall operational efficiency through digital transformation.
Source: MEA TechWatch
