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Khazna Capital, a subsidiary of financial technology company Khazna, has completed the acquisition of Pharos Consumer Finance Company from Pharos Holding earlier this year and has begun deploying credit lines from financial institutions.

The strategic transaction represents a key milestone in Khazna’s long-term strategy to strengthen its presence in Egypt’s consumer finance market, leveraging its B2B2C partnership-driven model backed by users’ salaries and pensions.

According to the company, the model is designed to support efficient distribution, stronger credit risk management and greater customer trust.

Khazna Expands Regulated Consumer Finance Services

The acquisition provides Khazna with a full consumer finance license from the Financial Regulatory Authority (FRA), marking an important regulatory milestone for the company.

The license strengthens Khazna’s ability to expand responsible financial services to millions of Egyptians who remain underserved by traditional banking institutions.

Legal Support for the Acquisition

Zaki Hashem, Attorneys at Law, one of Egypt’s leading law firms, acted as legal counsel for the transaction.

The firm provided legal advisory services and support throughout the acquisition process.

Khazna’s Focus on Financial Inclusion

Khazna is a consumer-focused financial technology company providing accessible and innovative financial solutions to underserved segments across the Middle East.

Through its digital platforms and customer-focused offerings, the company aims to help individuals meet their financial needs with greater ease and accessibility.

Pharos Consumer Finance

Formerly part of Pharos Holding, Pharos Consumer Finance Company is a licensed consumer finance institution in Egypt focused on providing regulated credit products.

The company has a track record in responsible lending and offers financial services tailored to the needs of diverse consumer segments.