UAEs Maseera Acquires Egyptian Fintech ADVA

Maseera Holding for Financial Investments (Maseera), a portfolio company of 2PointZero and part of International Holding Company (IHC), announced the acquisition of ADVA, an innovative Egyptian consumer finance platform.

The move marks a critical milestone in Maseera’s regional expansion strategy, with ADVA to be established as Maseera’s dedicated technology and data analytics hub for North Africa.

Maseera’s regional growth plan

It is also part of Maseera’s broader growth strategy following its acquisition by 2PointZero.

2PointZero has earlier announced committing $1 billion in long-term capital to support Maseera’s mission of building a transcontinental platform focused on financial inclusion, initially targeting key underserved markets across the globe.

“In ADVA, we found a company that shares our vision and values, particularly the belief that financial services must be accessible, affordable, and human-centered,” said Amro Abouesh, CEO of Maseera.

“Together, we will harness the power of data and AI to deliver transformative financial solutions tailored to Egypt’s middle and low-income segments,” he said.

By integrating Maseera’s advanced AI technologies, the combined platform is poised to redefine the customer experience in digital finance, creating faster, more inclusive, and highly personalised lending solutions for underserved populations across Egypt.

As part of its next phase of growth, ADVA has applied for Egypt’s first digital consumer finance license, a regulatory breakthrough that will enable end-to-end onboarding through electronic Know Your Customer (e-KYC) procedures and legally binding e-signatures.

The move positions ADVA to dramatically reduce barriers to access for over 50 million underbanked Egyptians.

Following the acquisition, ADVA will exclusively focus on Egypt’s consumer finance market, developing tailored financial products for essential life needs while enhancing credit access for historically underserved groups.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
RECENT NEWS

Emicool Secures First-ever Green Financing To Boost Sustainable Growth

The liquidity generated will be strategically deployed to accelerate the company’s district cooling projects across t... Read more

UAEs Ruya Becomes First Global Islamic Bank To Offer Shariah-compliant Crypto Trading

Digital Islamic bank ruya teams up with Fuze to offer secure, ethical crypto investments aligned with Islamic financial... Read more

Startups In Abu Dhabis Hub71 Secured $2.17bn In Funding Last Year

Hub71 startups in Abu Dhabi saw massive increase in funding in 2024 as innovation economy thrives Read more

UAE Fintech Pay10 First To Launch On Central Banks Open Finance Framework

The company has acknowledged the Central Bank of the UAE's crucial role in facilitating a responsible and secure rollou... Read more

PayPal Expands In MEA Region With Its Newly Launched Hub In Dubai

Will serve 80 countries in Middle East and Africa from its Dubai Internet City hub; Has signed several deals with regio... Read more

New Board Certifies DMCC Tradeflow As Fully Shariah Compliant

Shariah Supervisory Board appointed to oversee Tradeflow’s Islamic finance offering; Certified fully-compliant with A... Read more