Cairo – Mubasher: Contact Factoring, a subsidiary of Contact Financial Holding, an Egypt-based non-banking financial services company, signed an agreement worth EGP 125 million with OneOrder.

The deal comes as part of a series of partnerships that Contact is keen to complete within the framework of its expansion plan, according to a press release on Monday.

CEO of Contact Financial Holding, Said Zatar, said: "This is an important step in serving digital platforms and a testament to the company's efforts towards empowering the entrepreneurship and tech-based startup ecosystem in Egypt."

For his part, CEO of OneOrder, Tamer Amer, commented: "This cooperation will undoubtedly enable us to deliver high-quality products that will help our F&B customers overcome the problems they face with their supply chain process."

Amer added, "In OneOrder, we are well aware of the gaps in the HORECA supply chain, not only in Egypt but across the MENA region. We look forward to filling this gap and expanding our solutions and geographic reach through this partnership, allowing us to realize our vision towards creating a powerful digital environment that encourages restaurant owners to procure online, which is currently the biggest challenge we face."

Established in 2021, OneOrder is an Egyptian technology company that provides logistic services to restaurants through software and artificial intelligence (AI).