Egypt’s Qardy Raises USD 7-figure Pre-Seed Round

Cairo-based Fintech Qardy raised a USD 7-figure Pre-Seed round from White Field Ventures and Vastly Valuable Ventures, among other Angel Investors.

Founded in 2022 by Abdel Aziz Abdel Nabi, Qardy provides a variety of customized financial programs to assist MSMEs (Micro, Small, and Medium Enterprises) with their working capital and capital expansion requirements. This support is offered through an extensive network of financial institutions, including national and commercial banks, leasing companies, factoring firms, and microfinance organizations.

Qardy claims to have more than 1,000 corporate clients on its platform and has executed over 550 M Egyptian pounds (approximately USD 12 M) in loan transactions.