Egyptian startup Qardy, a marketplace and aggregator for debt financing, has partnered Cashcall to help drive financial prosperity for micro, small, and medium enterprises.
Founded in July 2022, Qardy facilitates loans for MSMEs, with founder Abdel Aziz Abdel Nabi saying the startup’s goal was to be the “Amazon of lending”.
“Qardy aims to cut the waiting time to get a loan from nine months to around 18 days. Since the current lending process is manual, it takes so much time, and it mainly focuses on personal connections, making it very tough for MSMEs to go through the process,” he told Disrupt Africa in July.
The company has now partnered Cash Call, which has developed an inclusive financial multi-purpose platform that operates through B2B, B2C, and B2M modules, offering diverse solutions like payment network, gateway, aggregation, open finance hub, request to pay, and cashless app.
The strategic partnership is designed to deliver cutting-edge solutions catering to the financial needs of CashCall merchants and customers, granting them access to a diverse array of tailor made financial instruments. Qardy has selected Cashcall to benefit from its AI competency centre, dedicated to analysing user data and behaviour.
