Valify, Egypt’s homegrown RegTech leader, has received a major endorsement from the Financial Regulatory Authority (FRA), officially securing a license to issue digital contracts and electronic registries.
This regulatory milestone positions the company at the forefront of Egypt’s digital transformation push, further enabling businesses to transition from paper-based to secure, legally binding digital workflows.
With this license, Valify is now authorized to offer blockchain-powered digital contract management and tamper-proof electronic recordkeeping that complies with Egypt’s Digital Contracts Law No. 5 of 2022.
The expansion of its services is expected to streamline operations across Egypt’s financial, SME, e-commerce, and logistics sectors.
A Leap Forward for Egypt’s RegTech Sector
Founded in 2019 by Egyptian talent and backed by local capital, Valify has quickly become one of the most trusted digital identity and contract solutions providers in the region.
Its offerings already include eKYC (electronic Know Your Customer) solutions integrated with Egypt’s national ID database, secure digital signatures, and a smart contracts platform, all hosted on local infrastructure for maximum security and compliance.
The new license expands Valify’s ability to provide end-to-end digital transformation solutions tailored to both enterprises and SMEs.
It allows organizations to digitize contract creation, store encrypted records on-chain, and retrieve them seamlessly, cutting down on operational costs, paper waste, and fraud risk.
FRA Endorsement Validates Valify’s Vision
Omar Abdel Wahed, CEO of Valify, emphasized the broader significance of the FRA’s approval:
“We’re deeply honored by the FRA’s trust, which fuels our mission to drive inclusive digital transformation. This license isn’t just regulatory approval; it’s a mandate to deliver locally developed solutions that rival global standards.”
The FRA’s recognition highlights Valify’s compliance with stringent security and legal standards, as well as its role in accelerating the digitization of Egypt’s financial infrastructure.
Powering Egypt’s Digital Economy and Vision 2030 Goals
As Egypt advances its Vision 2030 strategy, Valify is helping unlock a sovereign digital infrastructure by reducing dependence on foreign technology and promoting local innovation.
The company’s tools are designed to make digital onboarding and contract lifecycle management easier and more secure, especially for traditionally underserved segments like micro and small businesses.
Valify’s continued expansion is expected to bolster financial inclusion, improve trust in digital financial services, and pave the way for a more competitive fintech ecosystem in Egypt and the wider MENA region.
With this new FRA license, Valify cements its role as a cornerstone of Egypt’s digital economy, offering locally hosted, legally compliant digital contracts and registry services that empower businesses to scale with confidence.
