KashNow, Sandah Provide Fintech Solutions in Egypt
Micro-entrepreneurs will be able to use KashNow to pay bills and make installment-based purchases of various goods and services.
KashNow, a subsidiary of Noqood Holding, inked a partnership with Sandah Microfinance to provide fintech solutions to micro-enterprises, the company said earlier today.[1]
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The agreement allows micro-business owners to apply for financing from Sandah using KashNow’s app. KashNow provides owners with options like investing in gold and savings through investment funds. The partnership aims to leverage the role of digitization in achieving sustainable growth and financial inclusion.
Users can also receive up to 10 percent coverage of comprehensive medical services, including home visits, medical testing, online consultations, and ordering prescriptions. KashNow’s other fintech solutions include bill payments and installment-based purchases of goods and services.
KashNow is a Cairo-based startup that allows companies to automate and digitize financial processes, including payroll management, an advance payment system called Sulfa, and a bill payment system and wallet.
Sandah is a for-profit microfinance company founded in Egypt in 2018. It is a joint venture by the Arab African International Bank (AAIB) and SANAD Fund for MSME that addresses the Egyptian micro and very small enterprises (MVESEs) finance market. It develops businesses and creates employment in the MVSE sector, with a focus on underserved regions in Upper Egypt and the Delta.