SFD to finance ValU-Swvl installment plan cooperation

The Saudi Finance Fund (SFD) will finance an agreement between mass transit app Swvl and EFG Hermes’ valU that will see the two provide installment plans for drivers at an interest rate of 5%, Al Masry Al Youm reported. No details were provided on the amount of funding SFD will provide. ValU signed a similar agreement with Uber with the Arab Investment Bank earlier this year.