[FUNDING NEWS] Egypt-Based Qardy has Secured $7-Figure Pre-Seed Round Funding

A seven-figure pre-seed investment deal was secured by Qardy, a digital lending marketplace that allows financial institutions to support MSMEs (Micro, Small, and Medium Enterprises) in Egypt and the MENA region.

Angel investors and White Field Ventures and Vastly Valuable Ventures were among the backers.

Qardy is an online lending platform that was founded in July 2022 to help financial institutions, Company provides funding with a completely digital platform.

They provide a broad range of customized financial solutions using their technology to assist MSMEs (Micro, Small, and Medium Enterprises) with their working capital and capital expansion needs.

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They accomplish this through their extensive network of financial institutions, which consists of microfinance firms, leasing, factoring, national and commercial banks, and leasing corporations.

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Since its soft launch in late 2022, Qardy has completed over 550,000,000 Egyptian pounds—roughly $12 million—in loan transactions and has over 1,000 business clients on its platform.

About Qardy

Qardy is the first and foremost online lending marketplace. They provide SMEs with a broad array of financial programs, such as factoring, leasing, and long- and short-term loans. These goals are to empower SMEs, encourage financial inclusion, and close the loan financing gap.