Investments
2Funds
1Partners & Customers
10About valU
valU provides an internet-based shopping and Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform. It allows users to connect with a variety of stores, service providers, and websites to conduct purchases with monthly payment options and has several retail and online stores. valU was founded in 2017 and is based in Cairo, Egypt.
Latest valU News
Oct 4, 2023
This move follows valU's acquisition of Paynas, a company providing financial services to micro to medium enterprises in Egypt. Shares Cairo-based fintech services provider valU has announced its plans to expand into Jordan in early 2024. Owned by EFG Hermes, valU specialises in financing solutions and e-payment services across various sectors such as healthcare, education, and consumer goods. valU's decision to enter the Jordanian market comes as part of its broader strategy to expand into new markets. The company is currently in the process of applying for a licence from the Central Bank of Jordan, demonstrating its commitment to operating within the regulatory framework. “We are confident in our ability to deliver unparalleled value and reshape the financial technology landscape in Jordan,” Walid Hassouna, CEO of valU, tells StartupScene. This expansion follows valU's recent acquisition of Paynas, a company providing financial services to micro, small, and medium enterprises in Egypt. Additionally, valU acquired a 35% stake in FAS Finance, the consumer finance arm of FAS Labs in Saudi Arabia, as part of its strategic plan to extend its presence across the Middle East and Africa. Sign up for the daily Startup Digest. 0
valU Investments
2 Investments
valU has made 2 investments. Their latest investment was in Hoods as part of their Seed on November 11, 2022.
valU Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/3/2022 | Seed | Hoods | Yes | 1 | ||
10/19/2022 | Corporate Minority |
Date | 11/3/2022 | 10/19/2022 |
|---|---|---|
Round | Seed | Corporate Minority |
Company | Hoods | |
Amount | ||
New? | Yes | |
Co-Investors | ||
Sources | 1 |
valU Acquisitions
1 Acquisition
valU acquired 1 company. Their latest acquisition was Paynas on August 22, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
8/22/2022 | Other | $0.35M | Acquired | 12 |
Date | 8/22/2022 |
|---|---|
Investment Stage | Other |
Companies | |
Valuation | |
Total Funding | $0.35M |
Note | Acquired |
Sources | 12 |
valU Fund History
1 Fund History
valU has 1 fund, including AZ valU Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
AZ valU Fund | 1 |
Closing Date | |
|---|---|
Fund | AZ valU Fund |
Fund Type | |
Status | |
Amount | |
Sources | 1 |
valU Partners & Customers
10 Partners and customers
valU has 10 strategic partners and customers. valU recently partnered with El Sewedy University of Technology on July 7, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/26/2023 | Partner | Egypt | ValU signs a partnership with ElSewedy University of Technology – Polytechnic of Egypt To commemorate the key partnership , valU will also offer a scholarship grant to one select Bachelor of Engineering Technology student whom a dedicated committee will choose from ElSewedy University of Technology -- POLYTECHNIC OF EGYPT . | 3 | |
7/24/2023 | Partner | Egypt | valU, Gezira Sporting Club partner to offer financing solutions to club members Under the partnership , valU will provide comprehensive financing services to Gezira Sporting Club 's new and existing members , including the coverage of membership fees for both the historical Zamalek and the latest October branch . | 1 | |
5/29/2023 | Partner | Egypt | Cairo : valU , MENA 's leading lifestyle enabling fintech platform , announced today that it has partnered with Telda -- Egypt 's digital payments platform that offers its users payments services through its mobile application and prepaid card without the need of having a bank account -- to enable users of valU 's instant cash redemption product , `` Sha2labaz '' , to disburse money on Telda -- a unique value proposition and the first-of-its-kind partnership and offering in the Egyptian market . | 2 | |
5/23/2023 | Partner | ||||
3/14/2023 | Partner |
Date | 7/26/2023 | 7/24/2023 | 5/29/2023 | 5/23/2023 | 3/14/2023 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Egypt | Egypt | Egypt | ||
News Snippet | ValU signs a partnership with ElSewedy University of Technology – Polytechnic of Egypt To commemorate the key partnership , valU will also offer a scholarship grant to one select Bachelor of Engineering Technology student whom a dedicated committee will choose from ElSewedy University of Technology -- POLYTECHNIC OF EGYPT . | valU, Gezira Sporting Club partner to offer financing solutions to club members Under the partnership , valU will provide comprehensive financing services to Gezira Sporting Club 's new and existing members , including the coverage of membership fees for both the historical Zamalek and the latest October branch . | Cairo : valU , MENA 's leading lifestyle enabling fintech platform , announced today that it has partnered with Telda -- Egypt 's digital payments platform that offers its users payments services through its mobile application and prepaid card without the need of having a bank account -- to enable users of valU 's instant cash redemption product , `` Sha2labaz '' , to disburse money on Telda -- a unique value proposition and the first-of-its-kind partnership and offering in the Egyptian market . | ||
Sources | 3 | 1 | 2 |
valU Team
9 Team Members
valU has 9 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Mostafa El-Sahn | Founder | Current | |
Name | Mostafa El-Sahn | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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