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    HomeUpdatesFAB-Backed Lime Launches in Egypt with $9.4M to Disrupt School Financing

    FAB-Backed Lime Launches in Egypt with $9.4M to Disrupt School Financing

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    Lime Consumer Finance, a newly launched fintech platform focused on education financing, has secured a substantial $9.4 million in initial funding. The platform, a wholly owned entity of First Abu Dhabi Bank Group (FAB), is positioned as the largest dedicated education financing provider in Egypt and marks an ambitious entry into the country’s evolving fintech ecosystem.

    Lime’s primary mission is to make education more accessible and affordable for Egyptian families, offering structured, transparent, and convenient financial solutions. Although education is Lime’s initial focus, the app is designed to expand into additional sectors, with the goal of enhancing financial inclusion across Egypt.

    Lime’s entrance into the market comes at a pivotal moment for Egypt, where more than 30% of the population is under the age of 15 (CAPMAS, 2025). With education as a critical priority, Lime is strategically positioning itself to address the growing demand for private education, which is increasingly becoming a necessity for many families.

    The platform provides a seamless digital experience for families to access financing for a range of educational needs, including nurseries, schools, and universities. Lime offers flexible installment options ranging from 6 to 12 months, with loan amounts of up to EGP 1 million. The digital onboarding process is quick, and financing approvals are granted within minutes, ensuring both convenience and regulatory compliance.

    With an emphasis on speed and accessibility, Lime’s app is designed to simplify the traditionally complex process of financing education. The company’s use of a state-of-the-art credit decision engine ensures rapid approvals, while maintaining the necessary transparency and structure expected in financial transactions.

    Ahmed Mohsen, CEO and Managing Director of Lime Consumer Finance, highlighted the strategic importance of the $9.4 million investment in driving the company’s mission. “Lime enters the market at a time when Egypt is experiencing a surge in both the demand for private education and digital financial inclusion — trends fueled by a young population and supportive national policies,” Mohsen said.

    This funding round reflects Lime’s broader commitment to Egypt’s Financial Inclusion Strategy, a national initiative aimed at extending access to affordable financial services for all Egyptians. Lime’s educational financing solution fills a critical gap by providing structured, transparent, and accessible options that empower families to manage educational costs more effectively.

    “We’re proud to be contributing to Egypt’s Financial Inclusion Strategy by addressing a real need,” Mohsen added. “This is just the beginning. With a strong investment in technology, we aim to deliver a unique digital journey for customers, providing approvals within minutes.”

    In addition to the financial backing from First Abu Dhabi Bank, Lime’s strategic direction is guided by a distinguished Board of Trustees, composed of leaders across various industries. Their collective expertise in consumer banking, retail credit, education, and legal affairs ensures a robust foundation for Lime’s growth and success.

    Although education financing is Lime’s entry point into the market, the company is planning for future expansion into other high-impact sectors, such as healthcare, homeownership, and personal finance. This broader vision reflects Lime’s goal to become a leader in digital financial solutions, providing Egyptians with the tools they need to manage key life expenses.

    “We view education as just the beginning,” Mohsen explained. “In the future, we intend to expand into other sectors that have a direct impact on people’s lives. By doing so, we can contribute even further to the financial empowerment of Egypt’s population.”

    Lime’s $9.4 million funding round positions the company as a significant player in Egypt’s rapidly growing fintech space. The combination of strong financial backing, a clear focus on financial inclusion, and a talented board of advisors gives Lime the resources and expertise necessary to scale its operations and make a lasting impact.

    As Egypt’s fintech landscape continues to evolve, Lime’s success will depend on its ability to execute on its ambitious roadmap and address the financial needs of a population that is increasingly turning to digital solutions.

    In the coming years, Lime hopes to play a pivotal role in shaping the future of Egypt’s financial services industry, offering innovative solutions that will empower Egyptian families to better manage life’s essential costs — starting with education.

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