Cairo, Egypt – GlobalCorp a number one non-banking monetary establishment in Egypt, publicizes the launch of its new B2C platform for life-style financing underneath the model identify ‘Ollin’.

‘Ollin’ will function a one cease store and an ‘All-In’ platform for all the buyer financing wants. The corporate will present installment applications overlaying auto loans, mortgage, residence ending, schooling 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 consumer 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 total vary of economic merchandise and overlaying totally 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 companion for our clients’ life-style 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 expertise. The corporate’s near-term focus will likely be on scaling the  operational capabilities, expertise infrastructure and doubling the staff dimension by the tip of the 12 months. The corporate will construct on GlobalCorp’s track-record as an enterpreneur-led group and its main market positioning in serving company and SME purchasers with a variety of leasing, factoring and securitization options.

The brand new enterprise is available in proper after the acqusition of GlobalCorp by a consortium of buyers comprising of EBRD (European Financial institution of Reconstruction and growth), and two worldwide personal fairness funds, Amethis and SPE Capital.

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About GlobalCorp

GlobalCorp is a full-fledged, main non-banking monetary providers establishment primarily based in Egypt. Since its institution in 2015, GlobalCorp has been working to serve purchasers throughout a number of industries, together with corporates and SMEs of assorted sizes providing a variety of non-banking monetary providers, together with monetary and working leases, factoring and structured finance options that assist purchasers in reaching their enterprise targets and rising sustainably via an alternate financing possibility.

We leverage our staff’s experience within the monetary providers business to supply full-fledged, tailor-made providers and steerage to our purchasers, including worth to their operations and permitting them to excel of their industries.

We delight ourselves on delivering artistic options of the best high quality with fast cost turnaround, consistent with worldwide working requirements.