{"id":550263,"date":"2022-10-20T04:06:59","date_gmt":"2022-10-20T04:06:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/valu-acquires-an-undisclosed-minority-stake-in-payments-app-kiwe\/"},"modified":"2022-10-20T04:06:59","modified_gmt":"2022-10-20T04:06:59","slug":"valu-acquires-an-undisclosed-minority-stake-in-payments-app-kiwe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/valu-acquires-an-undisclosed-minority-stake-in-payments-app-kiwe\/","title":{"rendered":"valU acquires an undisclosed minority stake in payments app Kiwe"},"content":{"rendered":"

<\/a> EFG<\/strong> Hermes\u2019 BNPL platform, valU, has acquired an <\/strong>undisclosed <\/strong>minority stake in <\/strong>fintech <\/strong>Kiwe<\/a><\/strong>, Kiwe CEO Fatma Ibrahim confirmed to Enterprise, following a company press<\/a>release<\/a>(pdf)<\/a>. The e-payments startup counts our friends at EFG Hermes Finance, EFG EV Fintech<\/a>, dFin Holding<\/a>, and Marakez among its existing shareholders.<\/p>\n

What they said:<\/strong> \u201cThrough the acquisition Kiwe can offer our users an enhanced service by paying in installments while expanding our service to people who are unbanked or underbanked, and leverage valU\u2019s network beyond Cairo and Giza,\u201d Ibrahim tells us. \u201cValU will also be able to leverage our younger segment and enhance the overall payment experience,\u201d she added.<\/p>\n

About Kiwe: <\/strong>Kiwe's fintech solutions provide small companies and startups (mostly youth-led small businesses) with a cost-effective digital payment platform that makes it simple for them to carry out transactions electronically. The e-payment app closed its first, undisclosed investment round<\/a> last year.<\/p>\n

Another strategic move for valU:<\/strong> valU is continuing its expansion of fintech services, following on its recent acquisition of Paynas<\/a>, an employee management and benefits company.<\/p>\n","protected":false},"excerpt":{"rendered":"

EFG Hermes\u2019 BNPL platform, valU, has acquired an undisclosed minority stake in fintech Kiwe, Kiwe CEO Fatma Ibrahim confirmed to Enterprise, following a company pressrelease(pdf). The e-payments startup counts our friends at EFG Hermes Finance, EFG EV Fintech, dFin Holding, and Marakez among its existing shareholders. What they said: \u201cThrough the acquisition Kiwe can offer […]<\/p>\n","protected":false},"author":1,"featured_media":550264,"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":[7363],"tags":[84,72,183,125,2559,7128,123,515],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-efg-hermes","tag-enterpriseam","tag-fintech","tag-investment-watch","tag-kiwe","tag-ma-watch","tag-startups","tag-valu","wpautop","entry"],"acf":{"mongo_id":"65572e00-f929-401b-bdf5-690f66c460fa","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/284.jpg","photo_position":"above","related_issue":[550257],"teaser":"","voice_url":""},"yoast_head":"\nvalU acquires an undisclosed minority stake in payments app Kiwe - 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\/20\/valu-acquires-an-undisclosed-minority-stake-in-payments-app-kiwe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"valU acquires an undisclosed minority stake in payments app Kiwe\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes\u2019 BNPL platform, valU, has acquired an undisclosed minority stake in fintech Kiwe, Kiwe CEO Fatma Ibrahim confirmed to Enterprise, following a company pressrelease(pdf). The e-payments startup counts our friends at EFG Hermes Finance, EFG EV Fintech, dFin Holding, and Marakez among its existing shareholders. 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purchase\u2026","rel":"","context":"In "NON-BANKING FINANCIAL SERVICES"","block_context":{"text":"NON-BANKING FINANCIAL SERVICES","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-banking-financial-services\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/355.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576910,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/camel-flour-mills-acquires-majority-stake-in-five-star-mills\/","url_meta":{"origin":550263,"position":2},"title":"Camel Flour Mills acquires majority stake in Five Star Mills","author":"enterpriseam admin","date":"2 November 2022","format":false,"excerpt":"Camel Flour acquires struggling flour producer: Al Moatabar Group\u2019s Camel FlourMills(CFM) has acquired a majority stake in the distressed high-end flour producer Five Stars, it said in a statement (pdf) yesterday.Five Stars has fallen on hard times: Described by CFM as formerly \u201cone of the most successful milling operators in\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/54.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555491,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/startup-investment-up-33-on-2020-kiwe-closes-first-round-mnt-halan-launches-core-banking-system\/","url_meta":{"origin":550263,"position":3},"title":"Startup investment up >33% on 2020 + Kiwe closes first round, MNT-Halan launches core banking system","author":"enterpriseam admin","date":"16 November 2021","format":false,"excerpt":"Investors have put almost USD 2 bn into startups in MENA, Pakistan and Turkey so far this year, with USD 150 mn being deployed in October alone, according to Magnitt.Putting this in perspective: Less than USD 1.5 bn was invested in MENAPT startups through the whole of 2020.Fintech + e-commerce\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/472.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547416,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/21\/ksas-alhokair-family-agrees-to-acquire-4-99-of-valu\/","url_meta":{"origin":550263,"position":4},"title":"KSA\u2019s Alhokair family agrees to acquire 4.99% of valU","author":"enterpriseam admin","date":"21 June 2022","format":false,"excerpt":"valU welcomes new minority Saudi owners: The Alhokair family looks set to acquire a 4.99% stake in EFG Hermes\u2019 buy-now-pay-later platform valU, according to a statement (pdf) out yesterday. Brothers Fawaz Abdulaziz Alhokair, Salman Abdulaziz Alhokair, and Abdul Majeed Abdulaziz Alhokair have agreed to acquire the stake through a USD\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/257.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548808,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/valu-acquires-paynas\/","url_meta":{"origin":550263,"position":5},"title":"valU acquires PayNas","author":"enterpriseam admin","date":"23 August 2022","format":false,"excerpt":"EFG Hermes\u2019 consumer finance arm valU has acquired 100% of digital HR and payroll platform Paynas, valU said in a statement (pdf) yesterday, without disclosing the value of the transaction. The acquisition will see valU tap into Paynas's roster of micro and small-business clients, while Paynas will add valU\u2019s buy-now-pay-later\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/356.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\/550263","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=550263"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550263\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/550257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550264"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550263"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550263"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}