Egypt’s EFG Hermes’ Tanmeyah Acquires B2B Marketplace Fatura

Egypt-based Tanmeyah for Microfinance Services, a subsidiary of EFG Hermes Holding, has acquired Fatura, a provider of B2B e-commerce marketplace and digital financing services for an undisclosed sum.

Fatura connects retailers to suppliers and wholesalers. The startup started by working exclusively with FMCG retailers before venturing into other sectors. Tanmeyah’s extensive geographical presence and broad client base will help Fatura expand its network of merchants and venture into new sectors of the B2B market, and its financial position and access to funding will help bolster its growth.