Flend Becomes Egypt’s First Licensed Digital NBFI for SMEs

Flend has become Egypt's first licensed digital non-bank financial institution (NBFI) dedicated to small and medium enterprises (SMEs).

This development, sanctioned by the Financial Regulatory Authority (FRA),  provides Flend with key advantages. It enforces robust governance standards and legal recourse for borrowers, ensures access to affordable local bank funding, and facilitates competitive financing rates, while enabling legally binding digital contracts.

At the core of Flend's vision is the integration of digital contracts and e-signatures, a move aimed at streamlining access to capital while fostering a more efficient and transparent financial ecosystem.

Flend’s strategy is underpinned by advanced proprietary technology. From onboarding to risk assessment and loan disbursement, the platform reduces approval times from weeks to days, replacing cumbersome paperwork with seamless digital workflows. A data-driven infrastructure further optimizes operations, lowering costs and improving loan servicing for SMEs.

Egypt’s SME financing gap, estimated to exceed $50 billion by the International Finance Corporation, highlights the critical need for solutions like Flend. The company collaborates with key digital players, including marketplaces, e-commerce platforms, payment service providers and logistics firms, to expand its reach and impact.

Supported by prominent investors such as Plus VC, Banque Misr, Digital Finance Holding, and regional family offices, Flend is focused on crafting solutions that enable SMEs to scale, drive innovation and contribute to economic growth across key industries.