Consumer finance startup Adva closed a USD six-figure seed round funded entirely by Sawari Ventures, it said in a statement(pdf) yesterday.

About Adva: Founded in 2020, the startup offers buy-now pay-later (BNPL) financing for services including education and healthcare, and has plans to expand to cover wedding parties, car maintenance, ins. and travel.

Where the money’s going: The capital will go towards expanding the company’s operations across Egypt and to develop its product and tech stack, CEO Rania Gaafar told Enterprise.

Tags: