Tanmeyah for Microfinance Services (‘’Tanmeyah”), a wholly-owned subsidiary of EFG Hermes Holding, has successfully completed the acquisition of Fatura Netherlands (“Fatura”).
Fatura is a tech-driven Business-to-Business (B2B) platform with a regional footprint of 22 governorates in Egypt. It is backed by prominent shareholders in the field with EFG EV Fintech being one of the primary investors since 2020. Fatura brings together retailers, manufacturers, and wholesalers in one place. The tech-focused business offers its customers a variety of advanced B2B services, ranging from a marketplace with live product viewing and price transparency, on a buy-now pay-later model, as well as marketing support services.
This transaction further supports Tanmeyah’s digital transformation strategy to drive business growth by leveraging Fatura’s platform to introduce new and disruptive financial products. It also allows Tanmeyah to access Fatura’s fast-growing network of merchants and fill a large gap in the B2B credit market.
Al Tamimi & Company acted as lead legal counsel and advised Tanmeyah on the legal aspects of the transaction, including conducting legal due diligence on the Egyptian subsidiary, as well as, drafting and negotiating all transaction documents and assisting with closing mechanics. The team was led by partner Ehab Taha (head of corporate commercial and acting head of banking & finance, pictured) and included senior counsel Zeinab Shohdy and senior associate Seifeldin Nour (both m&a & venture capital).