Beltone Securities Brokerage, Thndr Securities Brokerage, and fintech outfit Telda received the thumbs up from the Financial Regulatory Authority (FRA) to conduct numerous securities brokerage activities online, the FRA said. While some of the firms have been conducting securities brokerage activities online, this recent approval allows them to carry out the full suite of activities online, like e-KYC (electronic Know Your Customer), verification, and contract execution, and record keeping through partnerships with Vlens and Valify Solutions. This aims to simplify stock market access and open up stock trading to a wider client base.

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Since when does Telda offer brokerage services? The fintech player is set to add brokerage services to its offerings of prepaid card issuance, payment services, and money transfers following its acquisition of City Capital Securities, it said in a statement (pdf). Clients will soon be able to trade equities through the Telda app — trail operations kick off next month and the official launch of services is slated for May, CEO of NBFS at Telda Hisham Ibrahim told EnterpriseAM.

“This step aligns with Telda’s strategy to become the comprehensive destination for providing all non-banking financial services through financial technology,” Ibrahim said in the statement.

Telda has big plans: Telda is gearing up to roll out its first equity investment fund in 2Q 2025, as part of its expansion into asset management, Ibrahim told us. The company is currently in talks with multiple investment managers to set up the fund. The fund will be the first of many Telda plans to launch, he said.

MEANWHILE- A pulse check on Beltone’s plans to launch a handful of new funds: Beltone Holding plans to launch five new funds this year, including an equity fund, with an initial target size of EGP 10 mn, as well as another USD-denominated fund, both of which will be launched this month, Khalil El Bawab, Beltone Holding’s CEO for local and regional markets, told EnterpriseAM yesterday. The firm is currently mulling the launch of two equity investment funds in the UAE and Saudi Arabia, he added.

REMEMBER- El Bawab first let us in on Beltone’s plans to introduce new funds in June, when he told us that the firm has “already applied for four new low-, medium-, and high-risk funds, ranging from fixed-income to equity funds.”

AUTO INS. GOES DIGITAL-

You will be able to insure your new car online: Misr Ins. and Sarwa Ins. got the green light from the authority to start issuing comprehensive auto ins. policies for new vehicles digitally, according to a statement from the FRA. The move will allow the insurers to issue policies through their mobile apps and without vehicle inspections, a senior ins. broker told EnterpriseAM, adding that we can expect other insurers to follow in Misr Ins. and Sarwa Ins.’s footsteps of going digital.

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