TechLine and Raya Data Center Forge Strategic Partnership to Empower Egypt’s FinTech Sector

Cairo 13 Oct 2024:

In a significant step towards bolstering the FinTech sector in Egypt, TechLine has signed a strategic partnership agreement with Raya Data Center, a subsidiary of Raya Holding for Financial Investments, to provide comprehensive solutions that meet the evolving needs of FinTech companies in Egypt and across the region.

This partnership aims to deliver cybersecurity services, integrated data center solutions, and cloud computing for FinTech companies, ensuring compliance with the regulations of the Central Bank of Egypt and the Financial Regulatory Authority.

The collaboration between TechLine, a prominent player in supporting and enabling FinTech companies, and Raya Data Centers, a leader in IT infrastructure hosting and cloud computing services, aligns with the rapid growth of the FinTech sector. The partnership will provide a secure and scalable IT infrastructure hosting by featuring a range of cybersecurity services, outsourcing services, and a variety of  IT solutions that empower FinTech companies to manage their businesses with enhanced flexibly and operational efficiency while maintaining the highest standards of security.

In this context, Haytham Abbas, CEO of TechLine, stated: “We are proud of our extended collaboration with Raya Data Center, which is one of the leading IT infrastructure hosting and cloud computing companies in Egypt and the Middle East.”

He added: “Since TechLine was established in 2020, we have aimed to lead the market of IT services and enabling FinTech companies in Egypt and the region, through our integrated services; from IT infrastructure design and development, FinTech and Payments applications, to cybersecurity and data security services.

Over more than four years, TechLine has gained the trust of all its clients across various sectors, especially in the FinTech sector.”

From his side, Nashaat Foda, CEO of Raya Data Center, commented: “TechLine’s capabilities will enable us to provide enhanced support to our FinTech clients through secure, adaptable solutions that respond to the fast-paced changes and market development while fully complying with the regulatory frameworks  of the Central Bank of Egypt and Financial Regulatory Authority.

He added: “This partnership with TechLine strengthens our ability to offer FinTech clients comprehensive and secure solutions designed to foster innovation and growth in this dynamic sector.”