Klivvr, Egypt’s leading digital money management platform, has officially launched its “Buy Now, Pay Later” (BNPL) service after receiving formal approval from the Financial Regulatory Authority (FRA).
The new feature offers a seamless and flexible financial experience, fully managed through the Klivvr app, and is designed to enhance financial inclusion across Egypt.
The BNPL service provides instant approvals, personalized credit limits, and a fully digital, frictionless journey—no paperwork or third parties involved. Its launch arrives amid increasing living costs and surging demand for flexible installment solutions.
Nils Bechtler, CEO of Klivvr, stated:
“We aim to reshape financial services in Egypt. This is a fresh start for empowering users to make confident, transparent financial decisions.”
Omar Sherif, CTO at Klivvr, added:
“We’re integrating lending seamlessly into our digital ecosystem, unlocking new financial possibilities that support our users’ goals.”
Basem Youssef, Group CFO, commented:
“Our mission is to connect consumer needs with financial sustainability. Adding BNPL strengthens our revenue model and delivers exceptional user value, marking a new phase of data-driven, responsible growth.”
In November 2024, Orascom Financial Holding had initially approved a tender offer by Klivvr Holding Limited to acquire 98.99% of Klivvr for Electronics and Digital Payments—underscoring investor confidence in Klivvr’s fintech vision.
