Valu signs contract with insurance company for auto insurance installment plans

EFG Hermes’ fintech subsidiary Valu has signed a contract with an insurance company to feature its car insurance installment plan on the app, CEO Walid Hassouna told the local press without naming the company. Valu users will be able to pay for the insurance in 12 installments over the course of a year, Hassouna said, adding that the company will soon reveal the name of the company.