Egypt's Financial Regulatory Authority approved two companies to conduct fintech-enabled nonbank financial activities. The approvals cover the establishment of Digital Banker – Wayak as a consumer finance provider and authorization for CFH Asset Management to form and manage securities portfolios and manage investment funds. Digital Banker – Wayak submitted its establishment application before the authority suspended acceptance of applications and preliminary approvals for new fintech-based consumer finance companies in February 2026.
2026-08-17Egypt Financial Regulatory Authority
Egypt's Financial Regulatory Authority approves two companies for fintech-enabled nonbank financial activities
Egypt's Financial Regulatory Authority approved Digital Banker – Wayak to establish a fintech-based consumer finance business and authorized CFH Asset Management to provide digital portfolio and investment fund management. Digital Banker – Wayak applied before the February 2026 suspension of new applications for fintech-based consumer finance companies.