Egyptian Financial Regulatory Authority Approves 7 Entities and Nears Factoring License for Fawry

The Egyptian Financial Regulatory Authority approved granting seven companies and entities approvals covering incorporation, listing, licensing, and adding activities in the capital market and non-banking financial sector, according to a statement cited by Arab Finance.

In the capital market, the Authority licensed eFinance and Olive to participate in incorporating companies that issue securities or increase their capital, and granted Golden Way Securities a license for bond trading, brokerage, and intermediation. It also licensed Business Community for Financial Investments to form and manage securities portfolios and investment funds.

Fintech firm Fawry obtained preliminary approval to add factoring to its corporate scope, provided it completes procedures to amend Articles 2 and 3 of its articles of association through the General Authority for Investment and Free Zones, submits the required documents to the Financial Regulatory Authority, and changes its name to reflect the new activity in accordance with Law No. 159 of 1981.

Sympl was registered to engage in debt collection activities for non-banking financial institutions, bringing the number of companies registered in this activity to 12 since the issuance of Authority Board Resolution No. 278 of 2025. The source mentioned the names of six of the seven entities without specifying the seventh.

What do these terms mean?

Factoring: A company's purchase of deferred financial receivables from its clients at a discount, then collecting them upon maturity.

Non-Banking Finance: Financial activities provided by licensed companies outside of banks, such as consumer finance, financial leasing, and factoring.

Securities: Tradable financial instruments such as stocks and bonds, issued by companies or governments to raise funds.

Debt Collection: An activity performed by a specialized company to collect debts owed to other entities for a fee.