EFinance.com
Solutions to assist companies in managing their transaction workflows.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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E-finance for Digital & Financial Investments S.A.E. stands as a pivotal force in Egypt's digital payment infrastructure, having been established in 2005 to construct and manage the Egyptian government's financial network. The company was founded by Ibrahim Sarhan, who currently serves as the Chairman and CEO. Sarhan brings over 30 years of experience in the fintech and telecommunications sectors, having held key positions at ICL, Triangle, and Raya Integrated before establishing e-finance. His journey includes a Bachelor of Commerce from Cairo University and a Senior Executive Management Diploma from Harvard University, reflecting a deep-seated expertise that has guided the company's trajectory.
The company's primary mandate is to serve as the exclusive processor of the Egyptian government's payment and collection transactions, making it the state's preferred digital partner. It caters to a broad clientele, including government agencies, businesses, and consumers, by offering a comprehensive suite of digital products. Its business model operates as a one-stop-shop, covering the entire e-payments value chain through various specialized subsidiaries. Revenue is generated from multiple streams, with the majority coming from services and operation of cards, transaction-based fees, and cloud hosting services.
E-finance's services are extensive, encompassing the development and operation of financial networks, providing bill payment solutions for utilities and government services, and offering end-to-end card management. The company also provides business process outsourcing through its subsidiary 'e-nable', which handles services like IT outsourcing and contact centers. A significant milestone was its initial public offering (IPO) in October 2021, the largest in Egypt since 2007, which attracted substantial interest from international and domestic investors. This strategic move was part of the Egyptian government's privatization program and has paved the way for further offerings on the Egyptian Exchange (EGX).
Keywords: digital payments, fintech, government financial network, e-payment solutions, cloud hosting, transaction processing, card management, business process outsourcing, public sector, financial infrastructure