Cairo - Mubasher: Integrated consumer financing platform, One Finance, and first online service installment platform, ADVA, signed a partnership agreement to facilitate installment of a wide portfolio of services provided by ADVA.

The services include finishing, education, health, travel, car maintenance, weddings, and insurance through various payment plans, according to a press release on Monday.

Founder and CEO of ADVA, Rania Gaafar, commented: “ADVA’s mission is to provide services that meet consumers’ essential needs and purchasing power while using modern technologies. This contributes to advancing the economy and the financial technology sector, as an integral part of the country’s strategy towards digital transformation and financial inclusion in line with Egypt's Vision 2030.”

Mohamed Samir, Chief Marketing and Partnerships Officer of One Finance, stated: “One Finance will be able to benefit from ADVA’s network of service providers, which amounts to 2,000 providers and its customers base of 15,000 clients to offer bespoke programs tailored to individual needs with different repayment methods. The company offers an interval of financing limit starting from EGP 10,000 and up to a maximum of EGP 6 million, the highest credit limit among operating companies in the market, along with various payment plans and facilities, and convenient installment plans.”

With a business volume estimated at EGP 200 million and up to 10,000 transactions reached in 2022, ADVA mainly aims to alleviate the financial burden on the Egyptian family by converting annual expenses into monthly ones, contributing to bridging and reducing the gap between citizens.