12. AMAN Holding

Date of Establishment: 2015
Headquarters: Egypt
Description: E-payment and financial services providers
Founders: Mohamed Wahby, Hazem Moghazi

A subsidiary of Raya Holding, AMAN provides e-payments, consumer finance, microfinancing, and SME services. It operates through 163 offices, 230 retail stores, and more than 170,000 POS, serving 40 million customers in Egypt monthly.AMAN Holding is lending more than one million customers between Microfinance and Consumer Financing. AMAN’s app provides several services like ecommerce and bill and utility payments. It had been downloaded over a million times with 550,000 active users as of December 2022. The company processed transactions of $1.5 billion in 2022, up from $1.3 billion in 2021. In February 2023, AMAN’s securitization arm got regulatory approvals for a three-year $161.8 million securitization program. In 2022, the company launched a money market fund to support unbanked customers.