Vitas Egypt- Launching soon
Vitas Group is proud to announce the launch of Vitas Egypt in partnership with Ebtikar for Financial Investment, the non-banking services venture of BPE Partners (formerly Beltone Private Equity). Operating under the Microfinance Law of 2014, Vitas Egypt received approval from GAFI in November 2017 and received a preliminary license from the Financial Regulatory Authority (formerly EFSA) in February 2018.
Vitas Egypt plans to launch operations in May 2018, and will focus on serving micro and small enterprise enterprises in need of financing for up to EGP 100,000. It will operate through a nationwide strategy that builds upon Vitas’ longstanding regional experience, using both digital and traditional channels to rapidly expand its reach across the country.