valU, a pioneering Buy-Now, Pay-Later (BNPL) lifestyle-enabling FinTech platform in MENA has collaborated with Arab Developers Holding, an Egyptian real-estate contractor. This partnership will provide the users with different development installment services by 1st July 2022, which include home enhancement and care fees.
valU, a BNPL platform strengthens clients’ purchasing experiences whilst still guaranteeing efficiency and usability. Customers who install the app and enroll immediately get prompt clearance on their limits due to Egypt’s quickest credit decision process.
Walid Hassouna, CEO, valU, stated, “We are happy to be moving forward with our strategy to extend our BNPL services to homeowners across Egypt, and our partnership with Arab Developers Holding, a key player in Egypt’s real estate sector, makes us incredibly proud. Our goal is to identify gaps in the market, diversify our portfolio of services to all Egyptians across all income brackets, and find innovative solutions to empower our customers to achieve their desired lifestyles through our innovative and comprehensive fintech platform.”
This alliance is another step in the agreements between both organizations to provide the residents with a wide range of installment solutions for home maintenance, care, and renovation costs. valU will be able to provide the customers of Arab Developers Holding’s a better and enhanced digital finance service available.
Tenors range from six to sixty months with no purchasing charges or down payments necessary. Additionally, valU will place representatives within the developer’s sales outlets to assist clients to activate their accounts there.
Users of Arab Developers Holding are now capable of relocating into and managing their properties earlier as they had anticipated because they are no longer required to provide all the advance finance for home renovation. With valU’s convenient installment options, owners can look at this as an increased value of existing assets in complexes that are well maintained and have greater rental rates.
Ayman Khalifa, CEO, Arab Developers Holding, further added, “We are bringing our communities to life faster by providing our customers with access to convenient financing solutions while securing the value of their assets. We are very excited to be partnering with valU, MENA’s leading BNPL service provider, as this collaboration will not only aid us in broadening our footprint and customer base but will also cater to our customers’ lifestyle aspirations. At Arab Developers Holding, we continuously strive to bring the most innovative solutions to the table, and we strongly believe that this partnership will carve the path for more successes in the ever-growing Egyptian real estate space.”