{"id":76261,"date":"2024-01-23T00:00:00","date_gmt":"2024-01-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/23\/egypts-bosta-and-valu-team-up-on-buy-now-pay-later-solutions\/"},"modified":"2024-01-23T00:00:00","modified_gmt":"2024-01-23T00:00:00","slug":"egypts-bosta-and-valu-team-up-on-buy-now-pay-later-solutions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/23\/egypts-bosta-and-valu-team-up-on-buy-now-pay-later-solutions\/","title":{"rendered":"Egypt\u2019s Bosta and Valu team up on buy-now, pay-later solutions"},"content":{"rendered":"

<\/strong>Bosta + Valu partner on IOD service: <\/strong>Egypt\u2019s buy-now, pay-later solutions provider Valu<\/a> and Egyptian logistics firm Bosta<\/a> have inked a strategic agreement to deploy an installment on delivery (IOD) via the Valu app, according to a joint press release (pdf)<\/a>. The IOD system was developed by electronic payment solution provider and MEASA<\/a> subsidiary PayTabs Egypt<\/a>, the statement notes.<\/p>\n

Details:<\/strong> Bosta will provide an installments on delivery (IOD) service for customers to pay for purchases in installments via Bosta\u2019s courier service at no added cost, the statement notes. Customers with a Valu account will benefit from installment plans ranging from one to sixty months. The move targets SMEs in Egypt and looks to boost e-commerce sales.<\/p>\n

About Bosta: <\/strong>Established in 2017 by CEO Mohamed Ezzat (LinkedIn<\/a>) and co-founder Ahmed Gaber (LinkedIn<\/a>), the Egypt-based logistics startup offers first, middle, and last-mile delivery services, with next-day delivery guarantees. Bosta has successfully delivered over 10 mn shipments to date, the statement said. 2023 saw the company boost shipments by 44% and bring on board former DHL Express CEO Ken Allen (LinkedIn<\/a>) as a board member and investor, according to a company statement<\/a>. Bosta will be the first shipping company to offer this form of IOD service in Egypt, Ezzat said. <\/p>\n

Bosta has been doubling down on regional expansion:<\/strong> The company expanded to KSA markets in March 2022<\/a>, with the move coinciding with the closing of an undisclosed pre-Series B round led by Khwarizmi Ventures<\/a> and Hassan Allam Holding<\/a>. 2021 saw the company unveil a five-year plan<\/a> to expand to new markets, including KSA, UAE, Kuwait and several African countries.<\/p>\n

IN OTHER BOSTA NEWS- The company raised an undisclosed investment from pan-African investment firm <\/strong>Axian Group<\/a><\/strong>, according to a press release<\/a> picked up by Wamda last week. The raised funds will go towards boosting Bosta\u2019s growth and enhancing its delivery and logistics services in MENA, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new feature on the Valu app will permit Valu customers to benefit from payment plans ranging from one to sixty months<\/p>\n","protected":false},"author":1,"featured_media":76262,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[224],"tags":[162,49],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-commerce","tag-e-commerce","tag-egypt","wpautop","entry"],"acf":{"mongo_id":"591ce312-4a74-4868-aeac-64005c8a6cf5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1855.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Bosta and Valu team up on buy-now, pay-later solutions","related_issue":[76253],"teaser":"A new feature on the Valu app will permit Valu customers to benefit from payment plans ranging from one to sixty months","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.8645215a-f1c2-46ce-bcfc-02fce6749438.mp3"},"yoast_head":"\nEgypt\u2019s Bosta and Valu team up on buy-now, pay-later solutions - 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