Egypt’s fintech landscape continues to mature as mylo, a digital consumer finance platform incubated by B.TECH, completed its second securitization bond issuance. The transaction, valued at EGP 1.76 billion ($37.2 million), reflects growing institutional confidence in technology-enabled consumer finance models across the Egyptian market. It also signals Mylo’s intent to scale responsibly while broadening access to Shariah-compliant digital financing solutions.
A Milestone Securitization Transaction
The newly completed issuance follows the success of mylo’s inaugural securitization, reinforcing its ability to repeatedly access capital markets. Structured across tranches with a 12-month maturity, the transaction provides short-term liquidity aligned with the company’s consumer financing portfolio. EG Bank acted as bond custodian, underscoring the participation of established financial institutions in the deal.
Strengthening Funding Diversification
This second issuance highlights mylo’s strategy of diversifying funding sources beyond traditional balance sheet financing. By leveraging securitization, the company converts receivables into marketable instruments that support continued lending activity. The approach enhances financial resilience while allowing mylo to sustain growth without over-reliance on a single capital channel.
Supporting Shariah-Compliant Consumer Finance
A key focus of the transaction is the expansion of mylo’s Shariah-compliant consumer finance offering. Demand for ethical and compliant financial products continues to rise in Egypt, particularly among digitally native consumers. The securitization proceeds are expected to directly support this portfolio, enabling mylo to extend installment-based solutions to a wider customer base.
Executive Perspective on Market Confidence
Commenting on the milestone, Mohamed Khattab, Chief Executive Officer of mylo, emphasized the significance of the successful close. He noted that the transaction reflects strong confidence from financial institutions in the robustness of mylo’s business model and the quality of its underlying assets. According to Khattab, the issuance also aligns with the company’s long-term vision of building sustainable funding mechanisms.
Fueling the Next Phase of Growth
The capital raised will be deployed to accelerate mylo’s next phase of expansion across multiple fronts. Management plans include growing the platform’s user base and deepening partnerships with merchants and consumer brands nationwide. Additional investments are also earmarked for strengthening the company’s technology infrastructure to support scale and efficiency.
Regulatory Positioning and Digital Leadership
mylo holds a differentiated position within Egypt’s regulated fintech ecosystem. It is among the first consumer finance companies to secure approval from the Financial Regulatory Authority for fully digital onboarding, in addition to obtaining a fintech license. This regulatory clearance enables seamless customer acquisition while maintaining compliance with national financial oversight standards.
A Broad Merchant Network
The company currently offers flexible installment solutions with repayment terms extending up to 48 months. These products are available through a network exceeding 5,000 brands spanning 15 consumer categories, ranging from electronics to lifestyle services. The breadth of this ecosystem strengthens mylo’s value proposition for both consumers and merchants.
mylo’s second $37.2 million securitization bond issuance marks a notable step in the evolution of Egypt’s digital consumer finance market. The transaction reinforces the viability of securitization as a growth enabler for fintechs operating within a regulated framework. As mylo scales its platform and partnerships, the deal positions the company to play an increasingly influential role in shaping sustainable, technology-driven finance in Egypt.