Egyptian Fintech Dayra Secures Digital Microfinance Licence

Egyptian fintech company Dayra has obtained a licence from the Financial Regulatory Authority (FRA) to provide digital microfinance services, becoming the country's first licensed provider to embed microfinance directly into digital platforms.

The approval allows Dayra to integrate financing services into platforms already used by small businesses and freelancers, including B2B marketplaces, distribution and logistics companies, freelance platforms and electronic payment gateways.

Rather than requiring borrowers to access financing through separate banking channels, Dayra aims to make credit available through the digital services customers already use to manage their businesses and receive payments.

The company uses transaction data and financial behaviour from partner platforms to develop alternative credit scoring models. These models are designed to assess the creditworthiness of micro-enterprises and individuals who may struggle to qualify for financing through traditional banks.