A Pioneering Step Towards a Secure and Sustainable Digital Future
Valify, Egypt’s leading RegTech innovator, proudly announces it has officially received a license from the Financial Regulatory Authority (FRA), enabling the expansion of its integrated services to include the issuance of digital contracts and electronic registries. This milestone further cements Valify’s role in accelerating Egypt’s digital transformation.
The Financial Regulatory Authority (FRA), which is Egypt’s supreme regulator for non-banking financial activities, granted this license to demonstrate its full confidence in Valify’s cutting-edge solutions, compliance standards, and commitment to advancing secure digital solutions that meets the market needs.
This achievement highlights the fruitful collaboration between Valify and the FRA, which actively fosters innovation in the Egyptian Fintech ecosystem, empowering homegrown companies to deliver innovative, secure solutions that reinforce Egypt’s position as a regional gateway for complete digital transformation in non-banking financial sectors.
Enhanced Digital Services
Valify’s newly licensed services empower enterprises, from financial institutions to SMEs, to:
- Seamlessly create and manage digital contracts
- Securely store and retrieve electronic records using advanced blockchain technology
- Reduce operational costs by eliminating paperwork and manual processes
These services fully comply with Egypt’s Digital Contracts Law No. 5 of 2022, ensuring full legal validity.
Comprehensive Digital Solutions
Valify stands out with a comprehensive suite of digital solutions already integrated into major banks and corporations. By reducing reliance on foreign technology and promoting financial inclusion, Valify contributes meaningfully to the goals of Egypt Vision 2030. Its offerings include:
- eKYC (Electronic Know Your Customer) leveraging national ID databases
- Secure digital signing and smart contract platforms
- Tamper-proof electronic recordkeeping systems
Leadership Statement
Mr. Omar Abdel Wahed, the CEO of Valify, commented: “We’re deeply honored by the FRA’s trust, which fuels our mission to drive inclusive digital transformation. This license isn’t just regulatory approval; it’s a mandate to keep delivering locally developed solutions that rival global standards, delivering innovative, secure solutions meeting local institutions’ aspirations.”
Egyptian Innovation Leadership
Founded in 2019 with entirely Egyptian capital and talent, Valify has rapidly earned the trust of clients across various sectors from finance to e-commerce and logistics. Its solutions are now integrated within the systems of major banks and enterprises, proving its leadership and capacity to deliver locally developed, advanced digital tools that bolster the national economy and support technological sovereignty.
The emergence of Egyptian companies capable of delivering high-tech services of this caliber is a vital step toward economic resilience. It enhances financial inclusion, reduces reliance on imported solutions, and conserves foreign currency, especially as all Valify’s services are developed and provided domestically.
Valify continues its journey with confidence, guided by a clear vision from the Financial Regulatory Authority, placing itself at the forefront of Egypt’s fintech future while remaining committed to creating real value for both society and business.
