Cairo, Egypt – GlobalCorp a number one non-banking monetary establishment in Egypt, pronounces the launch of its new B2C platform for way of life financing beneath the model title ‘Ollin‘.
‘Ollin’ will function a one cease store and an ‘All-In’ platform for all the patron financing wants. The corporate will present installment applications protecting auto loans, mortgage, residence ending, training and tuition charges, healthcare, journey and membership memberships.
GlobalCorp has allotted an preliminary funding of EGP 150 million to its new enterprise, with extra funds to be deployed as ‘Ollin’ expands its shopper base and product choices.
“The launch of the B2C enterprise is one other milestone inside our technique of changing into a complete NBFI platform providing the complete vary of monetary merchandise and protecting completely different market segments.” – stated GlobalCorp Founder and Group CEO Hatem Samir. “Our intention is to construct a premium model that goes past conventional installment choices to ship a novel and complete buyer expertise and to develop into the trusted accomplice for our clients’ way of life aspirations and monetary planning wants.
‘Ollin’ has appointed a staff of enterpreneurial and skilled business veterans with backgrounds in banking and monetary providers, telecoms and know-how. The corporate’s near-term focus will probably be on scaling the operational capabilities, know-how infrastructure and doubling the staff dimension by the top of the 12 months. The corporate will construct on GlobalCorp’s track-record as an entrepreneur-led group and its main market positioning in serving company and SME shoppers with a spread of leasing, factoring and securitization options.
The brand new enterprise is available in proper after the acquisition of GlobalCorp by a consortium of buyers comprising of EBRD (European Financial institution of Reconstruction and improvement), and two worldwide non-public fairness funds, Amethis and SPE Capital.
GlobalCorp is a full-fledged, main non-banking monetary providers establishment based mostly in Egypt. Since its institution in 2015, GlobalCorp has been working to serve shoppers throughout a number of industries, together with corporates and SMEs of assorted sizes providing a spread of non-banking monetary providers, together with monetary and working leases, factoring and structured finance options that assist shoppers in attaining their enterprise objectives and rising sustainably via another financing possibility.
We leverage our staff’s experience within the monetary providers business to supply full-fledged, tailor-made providers and steerage to our shoppers, including worth to their operations and permitting them to excel of their industries.
We satisfaction ourselves on delivering artistic options of the very best high quality with speedy cost turnaround, consistent with worldwide working requirements.