The funding will be used to expand the platform that provides loans to micro, small, and medium-sized enterprises (MSMEs).

Founded in 2022, Qardy has rapidly gained traction, establishing itself as a trusted partner for both MSMEs and financial institutions.

With over 1,000 corporate clients and a loan transaction volume exceeding EGP 550 million (USD 12 million), the startup has demonstrated strong growth potential.

500 Global, White Field Ventures, and Vastly Valuable Ventures led the investment round, which also included several angel investors.

This capital influx will enable Qardy to enhance its platform features, expand its services, and accelerate its expansion plans into Saudi Arabia and the wider region.

Qardy aims to revolutionize the lending process for MSMEs by reducing loan approval times from an average of nine months to just 18 days.

The platform’s digital approach contrasts sharply with the traditional, manual system that often relies on personal connections.

“We are excited to support Qardy’s mission to democratize access to financial services,” said Amal Dokhan, Managing Partner at 500 Global. “Their innovative solution has the potential to significantly impact the lives of countless businesses.”