E-finance acquires 8% stake in wealthtech platform Wilzy following Tamweely takeover

E-finance says it bought an 8% stake in wealth management platform Wilzy for around EGP 100 mn (c. USD 2 mn) Chairman and Managing Director Ibrahim Sarhan takeover of MSME lender Tamweely

Wilzy was born out of Act Financial’s rebrand of Act Holding last year

Egypt’s wealth-management market is growing quickly, which means there’s plenty of room to run. USD 593 mn by 2032

ICYMI- E-finance is on a roll. EGP 4.8 bn

There’s a Saudi angle here too:

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