Klivvr Invests Over $10 Million to Expand AI Financial Services

Egyptian fintech platform Klivvr has invested more than $10 million since its launch to build its digital financial ecosystem, while unveiling what it describes as Egypt's first AI-powered financial assistant at its first press conference in the country.

The company said it now serves more than 700,000 users and has built a network of over 1,000 merchants and partners across Egypt. It also introduced K.ai, an AI assistant designed to provide personalised financial insights, spending analysis and real-time guidance to help users better manage their finances.

Klivvr offers a range of digital financial services spanning payments, expense management, consumer financing, rewards and digital commerce. Its products include Klivvr Family, which the company describes as Egypt's first family banking solution, allowing households to manage spending through a single account and issue up to five payment cards with customised spending limits.

The platform also provides buy now, pay later (BNPL) financing of up to LE 500,000 with repayment periods of up to 60 months, one-time purchase financing of up to LE 15 million, auto loans, a rewards programme offering cashback and discounts, and an in-app marketplace called K.Shop. The company said it plans to continue expanding its digital financial ecosystem to support the growth of Egypt's digital economy.