Qardy

Qardy is a digital lending marketplace headquartered in Giza, Egypt, that is carving out a significant niche in the financial technology sector of the Middle East and North Africa (MENA) region. Founded in July 2022 by Abdelaziz Abdel Nabi, Asser Yehia, and Tamer El-Manasterly, the company aims to resolve the critical financing gap for Micro, Small, and Medium-sized Enterprises (MSMEs). The platform connects these businesses with a network of financial institutions, including national and commercial banks, leasing companies, and microfinance providers.

The company's core service is to streamline and accelerate the loan application process for MSMEs, which traditionally can take up to nine months. Qardy's digital-first approach drastically reduces this timeframe to as little as 18 days by eliminating manual paperwork and reliance on personal connections. The platform offers a range of tailored financial products to support working capital, expansion financing, and the purchase of equipment or property. It also provides invoice financing solutions, allowing suppliers to sell outstanding invoices at a discount for immediate cash flow, while buyers benefit from simplified payment processes.

Since its soft launch in late 2022, Qardy has demonstrated substantial traction, onboarding thousands of corporate clients and facilitating loan transactions valued at over $19 million. A key milestone in its journey was a strategic partnership with Egypt Post in July 2023, leveraging a network of over 4,300 offices to extend its reach across the nation. In August 2024, the company secured a seven-figure pre-seed funding round from investors including White Field Ventures, Vastly Valuable Ventures, and 500 Global, aimed at enhancing its technology and fueling regional expansion, particularly into Saudi Arabia. A landmark event occurred in May 2025, when Qardy was set to be acquired by Catalyst Partners Middle East (CPME) in Egypt's first-ever SPAC (Special Purpose Acquisition Company) merger for a fintech, valued at approximately $23.15 million. This transaction positions Qardy to become the first Egyptian fintech to go public through this structure.

Keywords: digital lending, SME financing, fintech, Egypt, MENA, loan marketplace, working capital, invoice financing, financial inclusion, MSME loans, supply chain finance, business loans, asset financing, pre-seed funding, SPAC acquisition, Catalyst Partners, Egypt Post, Abdelaziz Abdel Nabi, Asser Yehia, Tamer El-Manasterly, emerging markets finance, debt financing