AIB and ValU sign agreement to provide discounted loans to Uber drivers

The Arab Investment Bank (AIB) will be offering Uber drivers with facilitated funding to finance their new car purchases through EFG-Hermes’ ValU platform, Al Masry Al Youm reports. The service, which goes into action next week, will provide drivers with the 20% down payment on the vehicle at a 5% interest rate. EFG launched its fintech arm ValU back in December.