Qardy

Based in Cairo, Egypt, Qardy is a financial technology company focused on delivering tailored financial solutions for micro, small, and medium enterprises (MSMEs) in the MENA region. Qardy, founded in 2022, provides innovative financial solutions aimed at helping MSMEs overcome financial challenges. The company was co-founded by Asser Yehia, Nada Deeb, and Tamer El-Manasterly. It has successfully completed one deal, with the most recent transaction occurring on August 5, 2024.

Qardy specializes in providing financial solutions designed specifically for micro, small, and medium enterprises (MSMEs) in the MENA region. Their offerings include microfinance for small projects, funding for small and medium enterprises, and supply chain financing. These services aim to alleviate key challenges faced by MSMEs, including access to financing and effective cash flow management. The platform enables users to apply for loans ranging from 1,000 EGP to over 10 million EGP, addressing diverse needs such as working capital, equipment purchases, and property acquisition.

The primary customer base includes entrepreneurs and business owners across various sectors, particularly those generating annual revenues between 20,000 EGP and over a million EGP. Qardy's revenue model is primarily driven by the interest and fees collected from the loans provided to its clients. The company structures transactions as direct lending to businesses, facilitating swift access to financing that bolsters the financial health of its clients. Loan approvals typically result in funding disbursement within a few days, allowing clients to capitalize on growth opportunities without significant delays.

Qardy's core offerings include microfinance solutions and supply chain financing, providing essential support for small-scale entrepreneurs and improving liquidity for businesses by optimizing their receivables. Following its most recent funding round on August 5, 2024, where Qardy raised an undisclosed amount from new investors White Field Ventures and Vastly Valuable Ventures, the company plans to utilize the funds to expand its platform and acquire new customers. There are potential strategies to enter new markets, although specific geographic areas have not been detailed. The funding will support these initiatives, aiming to enhance the overall reach and capabilities of Qardy.