The Clap
eFinance (EFIH) will enter negotiations to invest in 2 fintech startups, and offer their digital services to the Saudi Public Investment Fund (PIF) and their investments in Egypt.
The 2 Targeted Companies
The companies targeted are two fintech startups in Egypt, one specializing in electronic banking services and the other in financial services.
Ibrahim Sarhan, Managing Director of eFinance, is responsible for the negotiations with both companies and the details of the deal will be disclosed after the negotiations.
Partnership with the PIF
eFinance wants to take advantage of the partnership with the PIF to offer its digital and technological services to the fund’s investments in Egypt and globally.
The chairman of the company confirmed that there is an understanding in place with the PIF that eFinance will provide their investments with services.
eFinance sure of its path ☝️
