Egypt’s Financial Regulatory Authority (FRA) has granted approvals to five companies to expand their operations within Egypt’s non-banking financial sector, Arab Finance reported.

Among them is Digified, a registered outsourcing services provider, which received approval from the FRA’s fintech applications review committee to extend its business scope.

The company is now authorised to offer digital contract execution for non-banking financial products, alongside services for the digital registration, preservation, and retrieval of data.

The same committee also endorsed the establishment of three fintech startups – Nice Deer, Dayra, and iSupply.

Meanwhile, VLens Company had its registration as an outsourcing services provider successfully renewed.

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