The Clap ValU, a subsidiary of EFG Hermes (HRHO), has acquired a 100% of Paynas, a company that specializes in digital financial services.
Paynas Paynas provides innovative solutions in financial services and employee management services. They can provide employees with early salary disbursement services, in addition to providing health insurance services at an appropriate cost.
The Deets ValU stated that this acquisition will attract a larger segment of society to benefit from the services of both companies.
This acquisition reflects the investment opportunities available in startups and the fintech sector in Egypt.