Empowering the under banked and enabling financial inclusion in Egypt
In June 2017, B Investments jointly with MM Group for Industry and International Trade (MTI) and BPE Partners established Ebtikar Holding for Financial Investments (Ebtikar) as the designated vehicle to invest in the Non-Banking Financial Services sector (NBFS). Ebtikar’s objective is to invest in microfinance, electronic payments, leasing, mortgage, factoring, consumer finance and any other related NBFS.
Ebtikar is a full-fledged financial services holding company operating in some of the most underserved sectors in Egypt and contributing to the financial inclusion of the Egyptian people as well as aiding in the digitization of the Egyptian economy.
Ebtikar capitalizes on MTI’s large distribution network along with B Investments’ and BPE Partners’ strong financial expertise to drive the growth of the company and create synergies between its portfolio and affiliate companies by offering integrated products and services
To date, Ebtikar is one of the fastest growing NBFS platforms in Egypt with five investments in its portfolio and is currently considering other investment opportunities in the NBFS space. Ebtikar invested in Wasla as part of Ebtikar‘s new strategy of investing in Fintech startups that would add value to Ebtikar‘s platform and serve its ecosystem.