Erada Finance Targets EGP 2.5 Billion Financing Portfolio by End of 2026
Erada Finance aims to increase its financing portfolio to approximately EGP 2.5 billion by the end of 2026, up from its current EGP 2 billion. This growth target aligns with the company's ongoing expansion in providing financing for micro, small, and medium-sized enterprises (MSMEs), according to Amr Abou El-Azm, Co-founder and CEO of the company.
Erada Finance is an Egyptian institution specializing in non-banking financial solutions tailored for MSMEs. Founded in 2022 through a strategic partnership between the Sovereign Fund of Egypt (TSFE), etisalat by e& in Egypt, and financial expert Amr Abou El-Azm, the company operates under the licensing and regulatory supervision of the Egyptian Financial Regulatory Authority (FRA).