Khazna signs credit facility agreement with Beltone Venture Capital

Cairo 5 November 2023

Beltone Venture Capital, a wholly owned subsidiary of Beltone Financial Holding, has signed an agreement to provide Khazna with a credit facility to support its ambitious growth plans. This partnership further solidifies Beltone Venture Capital’s active participation in Egypt’s fintech and technology sectors.

Furthermore, it underscores Khazna’s unique business proposition of extending digital financial services to the underbanked and boosts its ability to attract top-tier investors and lenders.

Omar Saleh, CEO of Khazna, shared his perspective, stating, “This credit facility from Beltone VC will accelerate our mission of extending digital financial services to the underbanked. It’s a significant step towards empowering individuals and driving economic growth in Egypt.”

Ali Mokhtar, CEO of Beltone VC, expressed his enthusiasm, saying, “Our partnership with Khazna reaffirms our commitment to investing in Egypt’s fintech and technology sectors. This is just the beginning! It marks the first tranche of investment, and there are more under review. We are excited to explore further tranches in the future. Together, we’re driving innovation and creating opportunities for financial inclusion.”

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