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valU, Arab Developers partner for home improvement installment plans

valU, Arab Developers partner for home improvement installment plans

Arab Finance: valU, a subsidiary of EFG Hermes Holding (HRHO), has entered into a partnership with Arab Developers Holding (ARAB) to offer the real estate developer’s customers several instalment solutions for home improvement and maintenance as of July 1st, according to an emailed press release on June 27th.

Under the partnership, Arab Developers’ customers will be able to boost the value of their assets.

Customers of the developer will not be required to pay down payments or purchase fees. They will enjoy tenors of up to 60 months.

valU offers financing at a maximum of EGP 2.4 million per person.

“Our goal is to identify gaps in the market, diversify our portfolio of services to all Egyptians across all income brackets, and find innovative solutions to empower our customers to achieve their desired lifestyles through our innovative and comprehensive fintech platform,” CEO of valU Walid Hassouna commented.

Established in 2015, Arab Developers is a leading real estate developer in Egypt that has a diversified business portfolio.

Established in 2017, valU is the first-of-its-kind buy-now-pay-later (BNPL) fintech platform in the Middle East and North Africa (MENA) region, offering a wide range of plans, with more than 5,000 points of sale and over 300 websites.

 

 

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