Egyptian fintech NowPay is entering Saudi Arabia through NowAccess, a joint venture with Tas'heel backed by a $20 million investment. The funding brings NowPay's total funding to $31 million.
Egyptian fintech NowPay enters Saudi Arabia through NowAccess, a joint venture with Tas'heel. The arrangement gives Tas'heel a 75 percent stake after a $20 million investment, with NowPay retaining 25 percent. The venture is aimed at scaling payroll-linked employee financial wellness in the Saudi market.
Egyptian fintech NowPay signs a memorandum of understanding with the Export Development Bank of Egypt for a credit facility. The facility is intended to finance NowPay’s salary advances product and fund development of new products.
Egyptian salary-advance fintech NowPay signs a memorandum of understanding with the Export Development Bank of Egypt for a credit facility. The facility is intended to fund NowPay’s salary advances product and support the development of new fintech offerings.
