Merging Strengths: Qardy's Marketplace Meets Cashcall's Financial Platform

Merging Strengths: Qardy's Marketplace Meets Cashcall's Financial Platform

By Staff Writer, 01 January 2024

In a significant move aimed at bolstering financial growth for micro, small, and medium enterprises (MSMEs), Egyptian startup Qardy has forged a strategic partnership with Cashcall.

Launched in July 2022, Qardy serves as a pivotal marketplace and aggregator specializing in debt financing solutions.

Abdel Aziz Abdel Nabi, the brain behind Qardy, envisions the startup as the "Amazon of lending."

Highlighting the challenges MSMEs face, Abdel Nabi stated in an interview with Disrupt Africa that the conventional loan acquisition process is not only lengthy but also heavily reliant on personal networks.

He emphasized Qardy's mission to drastically reduce the loan approval timeframe from a staggering nine months to a mere 18 days.

Complementing Qardy's objectives, Cashcall emerges as a robust financial platform, known for its versatile B2B, B2C, and B2M modules.

Cashcall's expansive suite of services encompasses a broad spectrum, from payment networks and gateways to open finance hubs and cashless applications.

The newly formed alliance between Qardy and Cashcall is poised to introduce innovative financial solutions tailored to the specific requirements of Cashcall's merchants and clientele.

A notable aspect of this collaboration is Qardy's decision to leverage Cashcall's advanced AI competence center.

This dedicated center specializes in scrutinizing user data and behavioral patterns, providing invaluable insights to enhance financial strategies and offerings.

Tom Jackson / Disrupt Africa

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