Beltone’s Seven is heading to Jordan: Beltone Financial Holding’s consumer finance arm Seven is set to enter the Jordanian market before the end of the year by acquiring a USD 20 mn stake in local consumer finance firm Al Wasleh, Asharq Business reported, citing two sources it says are familiar with the matter. The sources didn’t disclose the size of the stake Beltone will be acquiring.

About Al Wasleh: Founded in 2011, the company offers installment services for SMEs, employees, university students and others. The company is a subsidiary of Amman-based business technology solutions firm Offtec Holding.

All eyes on Jordan: The news comes shortly after homegrown fintech platform Valu announced its plans to launch in Jordan by early 2024.

Beltone has plenty of dry power: The company has money to spend after closing a landmarkEGP 10 bn capital increase in July, placing some 5 bn new shares on the EGX.

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