Cairo-based fintech startup Klivvr has officially launched its Buy Now, Pay Later (BNPL) service after securing final approval from Egypt’s Financial Regulatory Authority (FRA).
This move marks a significant step toward enhancing financial inclusion and providing Egyptians with more flexible payment options.
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The BNPL service allows users to split purchases into manageable payments with personalized credit limits, all within the app. The process is entirely paperless and offers instant approvals, aiming to simplify the borrowing experience for consumers. “We believe financial empowerment starts with access and control,” said Nils Bachtler, CEO of Klivvr. “Our BNPL product was built to be human-first, designed to give users clarity, flexibility, and trust in every transaction.”
Omar Sherif, Klivvr’s Chief Technology Officer, emphasized the seamless integration of the BNPL feature into the app’s infrastructure. “From real-time credit scoring to frictionless app experiences, everything is built to scale responsibly while putting users in the driver’s seat,” he noted.
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The service is set to roll out gradually across the startup’s merchant network, with full access expected later in 2025.
The introduction of Klivvr’s BNPL service comes at a time when Egyptians are increasingly seeking smarter financial tools to manage their budgets amid rising living costs. The demand for instalment-based payment solutions has been growing, and the offering aims to meet this need by providing a transparent and user-friendly financial experience.
Bassem Youssef, Group CFO, highlighted the strategic importance of the BNPL service. “Our mission is to connect consumer needs with financial sustainability. Introducing BNPL into the Klivvr ecosystem enhances our revenue model and delivers exceptional value to users. We’re entering a new era of data-driven, responsible growth,” he stated.
This development aligns with Egypt’s broader digital transformation initiatives, aiming to foster a more inclusive financial ecosystem. By offering innovative solutions like BNPL, the platform contributes to the country’s efforts to modernize its financial services and provide citizens with tools to better manage their finances.
In November 2024, Orascom Financial Holding approved a tender offer from Klivvr Holding Limited to acquire a significant stake in Klivvr for Electronics and Digital Payments, signaling confidence in the company’s long-term fintech strategy.
As Klivvr continues to expand its services, the company remains committed to delivering innovative financial solutions that empower users and support Egypt’s vision for a digitally inclusive economy.
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