Qardy, a digital lending marketplace operating in Egypt and the MENA region, has successfully raised a $7-figure pre-Seed investment round, with contributions from White Field Ventures and Vastly Valuable Ventures.
Qardy provides a diverse array of customized financial programs through its network of commercial banks, leasing and factoring firms, and micro-finance institutions, aimed at assisting Micro, Small, and Medium Enterprises (MSMEs) with their working capital and expansion needs.
Launched in late 2022, Qardy has already onboarded over 1,000 corporate clients and facilitated more than $12 million in loan transactions.
Tamer El-Manasterly, COO of Qardy, stated, “The support and trust of our investors have been instrumental in driving our growth and enabling us to expand our reach and impact in the market. This investment will allow us to further enhance our services and accelerate our expansion plans in Saudi Arabia and the region.”