FRA approves fintech licenses for six companies to expand digital financial services

CAIRO - 5 May 2026:Egypt’s Financial Regulatory Authority (FRA) has approved six companies to operate across a range of fintech-driven activities, aiming to enhance efficiency and broaden access to financial services.

The move aligns with the FRA’s strategy to accelerate the adoption of technology across non-banking financial sectors, including capital markets, insurance, and non-bank financing, while supporting innovation and startups.

As part of the approvals, “Valu for SME Financing” was established as a fintech startup, reflecting the growing shift toward digital financing solutions targeting small and medium-sized enterprises.

The FRA also granted “CFH” and “Beltone Securities Holding” licenses to provide custody services using fintech tools, through “Valens,” a firm specializing in electronic verification. This is expected to improve operational efficiency and reduce reliance on traditional processes.

Meanwhile, “Cairo Capital Securities” and “Al Ahly Pharos Securities Brokerage” received approval to conduct trading activities using fintech, leveraging Valens’ digital verification systems to enhance transaction speed and accuracy in the stock market.

In addition, “Orient Insurance” secured preliminary approval to join the FRA’s regulatory sandbox with a project focused on remote inspection and damage assessment in motor insurance, highlighting the sector’s ongoing digital transformation and focus on improving customer experience.