Valu, Egypt’s leading consumer fintech platform, officially began trading on the Egyptian Exchange (EGX) today, marking a landmark moment in its evolution from a startup to a public company.
Rather than going the traditional IPO route, the listing comes through an in-kind dividend distribution by its parent company, EFG Holding.
EFG’s general assembly approved the use of EGP 335 million in retained earnings to distribute shares in Valu. As a result, EFG Holding shareholders receive 20.49% of Valu’s share capital, calculated at 1 Valu share for every 3.3273 EFG shares held.
“This is not just a listing, it’s a milestone that signals how far Egypt’s fintech scene has come,” said Walid Hassouna, CEO of Valu.
Fintech at Scale: Strong Financials, Advanced Infrastructure
Valu has rapidly grown into a multi-product digital financial platform. While it began with Egypt’s first buy-now, pay-later (BNPL) service, it now offers an ecosystem that includes lending, investments, prepaid cards, and high-ticket financing.
In 2024, Valu reported EGP 3.1 billion in gross revenue and EGP 423 million in net profit—a 78% YoY increase. The platform handled EGP 16.5 billion in GMV, with loan issuances reaching EGP 14.8 billion. In Q1 2025 alone, it processed 16,000 transactions daily, double that of Q1 2024.
The company’s edge lies in its proprietary machine learning credit engine, which enables real-time decisions while maintaining a non-performing loan ratio of just 0.72%.
Go deeper on GCC & Africa tech — $9.99/month.
Deep dives and investor insights the free digest doesn't cover.
Its recently launched Visa-backed prepaid card has already become a major transaction channel, contributing to nearly one-third of all transactions.
On the funding side, Valu has issued 14 securitized bonds worth EGP 13.3 billion and secured EGP 8.3 billion in credit lines from 22 partner banks, ensuring capital-light growth.
Looking Ahead: Regional Expansion and Product Diversification
Valu is now eyeing regional markets and new verticals like affiliate marketing and prepaid payments.
The listing not only boosts its credibility but also reflects the maturity of Egypt’s fintech sector, where homegrown platforms are scaling sustainably and attracting institutional backing.
EFG Hermes served as the sole financial advisor. Legal support was provided by Zulficar & Partners in Egypt and Gibson, Dunn & Crutcher for international matters.
This move reaffirms Egypt’s growing reputation as a hub for fintech innovation, capital markets development, and investor confidence in local digital infrastructure.
Engagement
