Contact Cars is now separate from its parent company Contact Financial (itself formerly known as Sarwa Capital) according to a press release (pdf). Under the move, Contact Car is focusing on the customer experience by streamlining the process of buying and selling new and used cars on its website, in addition to launching an app that will allow local vehicle distributors access to targeted advertising, trade-in facilitation, virtual showrooms, and auctions.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…