{"id":549879,"date":"2022-10-04T03:53:09","date_gmt":"2022-10-04T03:53:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/"},"modified":"2022-10-04T03:53:09","modified_gmt":"2022-10-04T03:53:09","slug":"efg-hermes-unit-targets-education-providers-in-klickit-tie-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/","title":{"rendered":"EFG Hermes unit targets education providers in Klickit tie-up"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a><strong> EFG Hermes Corp-Solutions eyes schools in Klickit\u2019s network:<\/strong> EFG Hermes Corp-Solutions will provide leasing and factoring services to education providers in local fintech startup Klickit\u2019s network, according to a <a href=\"https:\/\/ent.news\/2022\/10\/EFG-Hermes-Corp-Solutions-x-Klickit-English.pdf\">statement<\/a><a href=\"https:\/\/ent.news\/2022\/10\/EFG-Hermes-Corp-Solutions-x-Klickit-English.pdf\">(pdf)<\/a>. The agreement between EFG Hermes Corp-Solutions and Klickit will provide more than 55k education service providers with access to financing for capital expenditure, including headquarters, school equipment, and buses, and allow them to fill cashflow gaps by borrowing against forecasted tuition revenues.<\/p>\n<p><strong>What they said:<\/strong> \u201cSchools face difficulties when accessing finance; hence we want to facilitate this access to narrow the cashflow gap and help contribute to the development of the education industry,\u201d said EFG Hermes Corp-Solutions CEO Talal Elayat.<\/p>\n<p><strong>The agreement comes as NBFS providers make inroads in the education space: <\/strong>We\u2019ve seen similar agreements in the past few years, including EFG Hermes\u2019 ValU signing partnerships with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dedd78f0-9420-4592-b8ba-a7a225072f0d\">school operator GEMS<\/a> and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/913f2370-5e5b-4e4d-9131-f53d317ac7f8\">American University in Cairo<\/a> to provide tuition financing. Beltone Financial\u2019s consumer financing arm BelCash last year signed an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b1f3f2c8-1856-4db9-94c5-d36a342c878f\">agreement<\/a> with EGX-listed education outfit CIRA to provide parents whose children attend any of CIRA\u2019s schools with tuition fee loans with a 12-month repayment period, and Contact Financial\u2019s consumer financing arm has its own tuition facilitation agreements with several education institutions. For more on how NBFS players are taking on the burden of education financing, check out our recent <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04d42508-6256-4db4-8221-e5dfa97ad8b5\">deep dive<\/a>.<\/p>\n<p><strong>Not sure what factoring is?<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6604a04a-9370-42f1-a7a3-e3af5dfc0357\">Our explainer<\/a> has got you covered.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFG Hermes Corp-Solutions eyes schools in Klickit\u2019s network: EFG Hermes Corp-Solutions will provide leasing and factoring services to education providers in local fintech startup Klickit\u2019s network, according to a statement(pdf). The agreement between EFG Hermes Corp-Solutions and Klickit will provide more than 55k education service providers with access to financing for capital expenditure, including headquarters, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":549880,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8313],"tags":[73,84,72,503,951,595],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","tag-education","tag-efg-hermes","tag-enterpriseam","tag-financial-services","tag-klickit","tag-non-banking-financial-services","wpautop","entry"],"acf":{"mongo_id":"9a69396e-a11a-41bf-b692-65696d2f6f61","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/124.jpg","photo_position":"above","related_issue":[549867],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG Hermes unit targets education providers in Klickit tie-up - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes unit targets education providers in Klickit tie-up\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes Corp-Solutions eyes schools in Klickit\u2019s network: EFG Hermes Corp-Solutions will provide leasing and factoring services to education providers in local fintech startup Klickit\u2019s network, according to a statement(pdf). The agreement between EFG Hermes Corp-Solutions and Klickit will provide more than 55k education service providers with access to financing for capital expenditure, including headquarters, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-04T03:53:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/124.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG Hermes unit targets education providers in Klickit tie-up\",\"datePublished\":\"2022-10-04T03:53:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/\"},\"wordCount\":249,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/124.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Education\",\"EFG Hermes\",\"EnterpriseAM\",\"financial services\",\"Klickit\",\"non-banking financial services\"],\"articleSection\":[\"FINANCIAL SERVICES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/efg-hermes-unit-targets-education-providers-in-klickit-tie-up\/\",\"name\":\"EFG Hermes unit targets education providers in Klickit tie-up - 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The partnership covers Al Ahly\u2019s Gezira, Nasr City, Sheikh Zayed and New Cairo branches, and will offer financing with up to ten-year\u2026","rel":"","context":"In &quot;Finance&quot;","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548486,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/10\/efg-hermes-signs-egp-750-mn-sale-leaseback-agreement-with-marakez\/","url_meta":{"origin":549879,"position":1},"title":"EFG Hermes signs EGP 750 mn sale + leaseback agreement with Marakez","author":"enterpriseam admin","date":"10 August 2022","format":false,"excerpt":"EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with real estate developer Marakez to refinance the Mall of Arabia in Sixth of October, EFG Hermes announced in a statement (pdf). The two-tranche transaction is part of a wider EGP 2.25 bn financing\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/202.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554242,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/efg-hermes-signs-egp-750-mn-sale-leaseback-agreement-with-mnhd\/","url_meta":{"origin":549879,"position":2},"title":"EFG Hermes signs EGP 750 mn sale + leaseback agreement with MNHD","author":"enterpriseam admin","date":"27 December 2021","format":false,"excerpt":"EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with Madinet Nasr for Housing and Development (MNHD), the two companies said in a statement (pdf) on Sunday. The agreement is for the sale and leaseback of MNHD\u2019s Cobalt district in its Taj City\u2026","rel":"","context":"In &quot;NON-BANK FINANCE&quot;","block_context":{"text":"NON-BANK FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-bank-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/493.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564685,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/the-debt-market-has-been-good-to-efg-hermes-corp-solutions\/","url_meta":{"origin":549879,"position":3},"title":"The debt market has been good to EFG Hermes Corp Solutions","author":"enterpriseam admin","date":"21 February 2021","format":false,"excerpt":"Talal Elayat, CEO of EFG Hermes Corp-Solutions, on the firm's plans for the debt market: The non-banking financial services (NBFS) sector has done well despite pressure from the covid-19 pandemic, including the near shutdown of the market in the early days of corona and a holiday on repayments ordered by\u2026","rel":"","context":"In &quot;Spotlight&quot;","block_context":{"text":"Spotlight","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/spotlight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/484.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547020,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/efg-hermes-corp-solutions-closes-egp-500-mn-bond-issuance\/","url_meta":{"origin":549879,"position":4},"title":"EFG Hermes Corp-Solutions closes EGP 500 mn bond issuance","author":"enterpriseam admin","date":"6 June 2022","format":false,"excerpt":"EFG Hermes Corp-Solutions has closed an EGP 500 mn bond issuance that the company said is the first component of a \u201cwider EGP 3 bn bond program\u201d for the leasing and factoring player. EFG Hermes investment banking division announced the close of the transaction in a statement (pdf) out yesterday.What\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/157.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558669,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/2021-is-turning-out-alright-for-egypts-debt-market\/","url_meta":{"origin":549879,"position":5},"title":"2021 is turning out alright for Egypt\u2019s debt market","author":"enterpriseam admin","date":"22 August 2021","format":false,"excerpt":"EFG Hermes Corp-Solutions took the lion\u2019s share of Egypt\u2019s leasing market in June, after more than doubling lending m-o-m, according to the Financial Regulatory Authority\u2019s monthly report (pdf) on the non-banking financial services (NBFS) sector. EFG Hermes Corp-Solutions\u2019 market share stood at 21.8% in June after loaning out EGP 2.2\u2026","rel":"","context":"In &quot;NON-BANK LENDING&quot;","block_context":{"text":"NON-BANK LENDING","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-bank-lending\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/223.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=549879"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549879\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/549880"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549879"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549879"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}