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

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