👨🏿🚀TechCabal Daily – Tamweely wheels in
Summary
e-finance secured shareholder approval to acquire 99.32% of micro-lender Tamweely in a cash-and-share transaction valued at EGP6.4 billion. The deal expands e-finance beyond payments infrastructure into consumer and small-business credit. The company also recently bought a stake in Wilzy, showing a broader strategy to build a financial services ecosystem across payments, lending, and investing. The article also covers Spiro's new debt financing and Paymob's $35 million funding round, but the main focus remains e-finance's acquisition.
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
Payment Processing
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Paymob
$250M to $500M