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HomeRecent ArticlesEgypt-Based EFG Hermes Acquires Minority Stake in Fintech Kenzi Wealth

Egypt-Based EFG Hermes Acquires Minority Stake in Fintech Kenzi Wealth

The premier investment bank in MENA, EFG Hermes, is pleased to announce that it has acquired a minority share in Kenzi Wealth.

The premier investment bank in MENA, EFG Hermes, is pleased to announce that it has acquired a minority share in Kenzi Wealth.

It is also pleased to announce a memorandum of understanding with Kenzi Wealth, a leading Danish digital wealth manager that uses AI-powered asset management and investment risk analytics to help investors build and rebalance their portfolios.

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The new investment and relationship represent a milestone in it’s digitization ambition, which promises new investment opportunities for clients. It can provide its clients a more efficient and tailored investment experience by integrating its enormous client network, award-winning research intelligence, and Kenzi Wealth’s revolutionary AI solutions.

AI will allow investors to tailor their investment experience and manage their portfolios more efficiently.

Ahmed Waly, Global Head of Brokerage at EFG Hermes, expressed his confidence in the collaboration “We are delighted to join forces with Kenzi Wealth, a company that shares our commitment to innovation and excellence. This significant move marks EFG Hermes’s foray into the realm of personalised investment tools using state-of-the art technology, thereby expanding our portfolio of products and services. The fusion of our acclaimed research capabilities with Kenzi Wealth’s cutting-edge AI-powered digital investment tools is part of our shared vision to introduce a truly comprehensive and unparalleled end-to-end investment experience that sets a new standard in the industry.”

Kenzi Wealth customises advanced investment features for investors. The joint company will also allow EFG Hermes to add cutting-edge technology to EFG Hermes ONE, its trading platform. EFG Hermes ONE will soon offer research, trading, and portfolio management on a single platform. Technology and unmatched research power this industry-leading solution.

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EFG Hermes’ minority participation in Kenzi Wealth shows its commitment to fintech innovation and democratising sophisticated investing solutions.

About EFG Hermes

EFG Holding is an Egyptian universal bank and MENA’s major investment bank.

About Kenzi Wealth

Professional wealth managers, banks, and brokers can utilise the investing cloud provided by Kenzi.


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