Qardy Secures Pre-seed Funding to Boost MSME Lending

Qardy, the first digital lending marketplace in Egypt and the MENA region, has secured a seven-figure pre-seed investment round. The round saw participation from White Field Ventures, Vastly Valuable Ventures, and other angel investors.^[1]  

Since its soft launch in late 2022, Qardy has over 6,000 corporate clients on its platform. Qardy has facilitated loan transactions amounting to more than $12 million.

The startup offers a wide range of tailored financial programs to support micro-, small, and medium-sized enterprises (MSMEs) with working capital and capital expansion needs.

This is achieved through a broad network of financial institutions, including national and commercial banks, leasing, factoring, and microfinance companies.