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Nice Deer Receives FRA Approval to Launch Egypt’s First Digital Factoring Platform for Medical Claims

Written by: Marwa Abu Zaher

A Regulatory Milestone for Egypt’s Health InsurTech Industry

Nice Deer, a leading Egyptian InsurTech company, has officially received approval

from Egypt’s Financial Regulatory Authority (FRA) to establish Nice Deer for

Financial Solutions — the country’s first fully digital non-banking financial

institution (NBFI) specializing in factoring deferred medical insurance claims

This strategic approval enables Nice Deer to tackle one of the most pressing issues

in Egypt’s healthcare system: liquidity shortages due to delayed insurance claim

payments By offering real-time financing, the platform will convert outstanding

medical receivables into immediate cash flow for healthcare providers

Accelerating Cash Flow in a EGP 300 Billion Market

Egypt’s medical insurance market is valued at over EGP 300 billion annually

yet delays in claim settlements continue to burden healthcare providers

Nice Deer aims to factor EGP 500 million in medical claims within the platform’s

first two years, creating a faster and more equitable economic cycle

“This license marks more than an operational step,” said Engy Shalash

Co-founder and Chief Marketing Officer at Nice Deer. “It’s a turning point for

how the health insurance market operates — giving providers the financial predictability

they need to thrive

AI-Driven Factoring: Solving Healthcare Financing Challenges

Healthcare providers in Egypt often face delayed payments from insurance companies

and third-party administrators (TPAs), leading to cash flow bottlenecks

poor service delivery, and hesitancy to join insurance networks

Nice Deer’s digital factoring platform leverages a proprietary AI-powered credit

engine that evaluates real-time claim data, medical approvals, and utilization trends

to offer secure, automated financing decisions

“Financing is no longer a luxury — it’s a core necessity for a sustainable health system

” said Mostafa Medhat Hussien, CEO of Nice Deer “Our AI model ensures faster

revenue cycles, reduces bias against insured patients, and supports the shift to

value-based healthcare in Egypt

Building a Smart Financial Infrastructure for Egypt’s Healthcare Sector

Nice Deer is building more than just a platform it’s developing a smart financial

infrastructure tailored for Egypt’s healthcare industry The company aims to

Convert delayed receivables into instant cash settlements

Encourage more providers to join payer networks

Expand health insurance penetration nationwide

Support a value-based healthcare model powered by real-time financial

tools and data intelligence

This approach addresses long-standing inefficiencies while creating a resilient

tech-enabled ecosystem for both public and private sector healthcare delivery

About Nice Deer

Nice Deer is an Egyptian health InsurTech innovator transforming the nation’s

insurance operations through digital technology. Its platform connects insurance

companies, TPAs, healthcare providers, and insured individuals, serving over

1 million beneficiaries across Egypt

With a network of more than 8,000 pharmacies, clinics, hospitals, and labs

Nice Deer ensures nationwide healthcare access. Its comprehensive digital

solutions include

Automated claims processing

Medical approvals management

Predictive analytics and fraud detection

AI-based factoring solutions

By managing the entire medical claims lifecycle — from submission to settlement

 Nice Deer delivers regulation-compliant, scalable, and data-driven tools that help shape

the future of Egypt’s healthcare financing

With its newly granted FRA license, Nice Deer is set to revolutionize medical claims

financing in Egypt Through AI-powered digital factoring, the company is solving

liquidity challenges, enhancing provider sustainability, and supporting Egypt’s journey

toward a digitally empowered, value-based healthcare system