Swypex, the Egyptian fintech reshaping business finance, has introduced Egypt’s first Approval-Based Limits Card, a smart corporate card that unlocks spending only after real-time approval.
Available exclusively to users of the new Premium tier, the product mimics the flexibility of petty cash while replacing it with automated oversight and security.
Unlike traditional corporate cards with static monthly caps or delayed reimbursements, Swypex’s card refreshes its balance only after each transaction is reviewed and greenlit. It offers precision spending controls without micromanagement, reducing fraud risks while increasing accountability across departments.
“Egyptian businesses want control without friction and this card gives them exactly that,” said CEO Ahmad Mokhtar. “It’s the bridge between old-world cash management and modern, secure corporate spending.”
The new product marks a significant leap for Egypt’s finance teams, who often struggle with fragmented, manual systems. Now, they can issue department-specific cards with built-in spend limits that require transaction-level approval, creating a digital-first alternative to cash.
Swypex – Built for Egypt’s Growing Business Infrastructure
Swypex’s latest innovation is part of a broader strategy to digitize business finance in Egypt.
Its platform, which raised $4 million in seed funding last year from Accel (their first fintech investment in MENA), Foundation Ventures, and Raba Partnership, bundles payment processing, invoice management, and corporate cards into one streamlined system.
The company is licensed by the Central Bank of Egypt.
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“We build products that specifically cater to the needs of the local market while pushing boundaries and spearheading innovation in the region,” said Tarek Mokhtar, Co-founder and Chief Product Officer.
Egypt is digitizing fast: over 74% of adults are now financially included, and mobile wallet usage continues to rise.
Yet many of the country’s 3.8 million businesses, particularly SMEs, still rely heavily on cash, especially for B2B transactions. Swypex aims to change that by offering tools designed with local pain points in mind.
The Approval-Based Limits Card is the flagship feature of Swypex Premium, which also includes unlimited cashback, customizable spend controls, and tailored approval workflows.
Altogether, the Premium tier positions Swypex as a foundational platform for modern business finance in Egypt.
Swypex isn’t just launching a new card, it’s redefining how Egyptian businesses manage spending. With real-time control and a user-first approach, it’s targeting one of the biggest inefficiencies in SME finance: the friction between cash control and digital scale.
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