Tanmeyah Turns to Automated Credit Scoring to Expand Lending to Egypt’s Small Businesses
EFG Finance’s Tanmeyah is upgrading its lending process for micro and small enterprises in Egypt by introducing an automated credit assessment model aimed at making financing decisions faster and more efficient.
The new model combines iScore’s credit bureau data with its Decision-as-a-Service platform, which operates through Synapse Analytics’ Konan engine. The approach is intended to reduce manual reviews while giving Tanmeyah a faster way to evaluate potential borrowers.
Technology Reshapes Credit Assessment
Small businesses and micro-enterprises can be difficult to assess through conventional lending methods because many do not have the payroll records or extensive credit histories normally required by financial institutions.
Tanmeyah’s new scoring approach is designed to address this gap by using available credit data and automated analysis to support lending decisions.
According to Synapse Analytics, its Konan platform has already supported more than USD 200 million in lending and has the potential to reduce non-performing loans by up to 40%.
Egypt’s Fintech Sector Expands AI Adoption
The development reflects a broader shift within Egypt’s financial technology market, where companies are increasingly using artificial intelligence and data analytics to automate financial processes.
Raya Holdings recently established Raya Nexus with EGP 250 million in capital. The company is developing technology solutions for areas such as credit decisions, debt collection and customer management, targeting banks and fintech businesses.
Synapse Analytics is also expanding its operations after securing USD 13 million in Series A funding led by Partech in September.
Acumen Holding Enters the Fund Market
In a separate development, Cairo-based Acumen Holding has introduced Eqtenas, its first investment fund focused on Egyptian Exchange-listed stocks and fixed-income assets.
The fund is set to begin with EGP 10 million and could reach EGP 250 million depending on demand. Investors can subscribe to units priced at EGP 1, with a minimum purchase of 10 units.
Eqtenas will have the flexibility to adjust its portfolio according to market conditions, allocating as much as 90% to listed equities when valuations are favorable or shifting a similar share into fixed-income products, including Treasury bills, when market risks rise.
CFA Research Challenge Brings Together 27 Teams
Meanwhile, CFA Society Egypt has launched the Egyptian edition of the 16th CFA Institute Research Challenge.
A total of 27 university teams are taking part in the competition, which requires participants to prepare an equity research report covering Gourmet Egypt.
The national final is scheduled for February 6, 2027. The winning team will move on to the Middle East, Africa and Europe regional stage, while the second-place team will receive an additional opportunity to compete in a Middle East regional round.