Mylo Completes EGP 1.76 Billion Securitization Bond Issuance to Drive Fintech Growth in Egypt

Mylo Completes EGP 1.76 Billion Securitization Bond Issuance

Mylo, the innovative fintech company emerging from B.TECH, has successfully closed

its second securitization bond issuance worth EGP 1.76 billion after securing all necessary

regulatory approvals This achievement underscores Mylo’s robust financial position and

commitment to sustainable digital finance solutions that align with responsible fintech practices

The bond issuance includes multiple tranches with a 12-month maturity, and EG Bank has been

designated as the bond custodian This new issuance follows the success of the company’s first

bond issue, further demonstrating Mylo’s ability to diversify its funding sources and provide growth

capital for its Shariah-compliant consumer finance portfolio

Mohamed Khattab, CEO of Mylo, commented on the milestone

Successfully concluding our second securitization bond issuance is a major step forward

for Mylo It reflects the trust financial institutions have in the strength of our business model

and the quality of our financing portfolio This milestone further supports our long-term vision

of establishing sustainable funding channels that allow us to expand the reach of our digital finance

solutions Khattab highlighted that this new issuance will play a pivotal role in Mylo’s upcoming

expansion plans The company aims to scale its user base, broaden its merchant and brand

partnerships, and make strategic investments in its technology infrastructure to enhance its

platform’s capabilities

 A Leader in Shariah-Compliant Consumer Finance

Notably,  is one of the first consumer finance companies in Egypt to receive approval

from the Financial Regulatory Authority for fully digital onboarding, coupled with a fintech

license The company provides flexible financing solutions with terms of up to 48 months

available through a network of over 5,000 brands across more than 15 categories

With this move, continues to lead the digital consumer finance revolution in Egypt

offering an innovative alternative to traditional financing solutions and playing a pivotal role

in advancing financial inclusion