Qardi Raises Over USD Seven Figure Pre-Seed Funding
Summary
Qardy, a Cairo, Egypt-based digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs (Micro, Small, and Medium Enterprises), secured a USD seven figure pre-seed funding. Established in July 2022, Qardy is an online lending marketplace for financial institutions to fund MSMEs. Through their technology, they offer a wide range of tailored financial programs to support MSMEs (Micro, Small, and Medium Enterprises) with their working capital, and capital expansion needs. They do this through their broad network of financial institutions, which includes National and commercial banks, leasing, factoring, and Micro finance companies. Soft launched in late 2022, Qardy has over 1,000 corporate clients on its platform, and have executed over 550,000,000 Egyptian pounds (approximately USD12 Million) in loan transactions.