Company Research Report: Contact Financial Holding

Company Overview

• Name: Contact Financial Holding SAE

• Mission: To provide innovative digital financial services through a customer-centric approach, leveraging strong relationships and commitment to customers. The company focuses on using top-notch technologies to deliver a one-stop-shop customer experience, fulfilling financial goals for both individuals and corporates.

• Founded: 2001

• Key People:

• Hazem Moussa, Chairman

• Said Zater, Managing Director

• Seif El-Bassiouni, Chief Financial Officer

• Amr Refaat, Vice Chairman of Contact Credit

• Tamer Samir, Managing Director of Contact Credit

• Mohammed Salama, Group GM for Legal Affairs

• Others include directors and managing directors across various subsidiaries.

• Headquarters: No information is available

• Number of Employees: 2,500+

• Revenue: No information is available

• Known For: Contact Financial Holding is recognized as the largest non-bank financial service provider in Egypt. It pioneers multiple sectors by offering innovative financing and insurance solutions, from auto credit, corporate finance to consumer finance, as well as its forefront presence in Egypt’s nascent debt capital markets.

Products

• Contact Now App: A mobile application developed to simplify financial management by offering swift financing approvals and diverse product catering across Egypt. It supports functionalities like credit approval and bill payments.

• Contact Pay: An all-in-one payment solution accessible through the ContactNow mobile application, facilitating easy and secure payments of various bills (electricity, gas, water, etc.), donations, and club memberships.

• Contact Kol Yom: An investment program offering daily dividends with simple procedures and no fees, and permitting fund deposits and withdrawals at any time.

• Financing Services: Offers consumer and corporate financing including consumer durables, mortgage finance, leasing, and factoring.

• Insurance Solutions: Provides insurance through its subsidiaries Sarwa Insurance and Sarwa Life, crafting bespoke packages for individuals and corporates based on unique needs.

Recent Developments

• New Partnerships and Recognitions:

• Expansion of strategic partnership between JumiaPay and Contact CrediTech.

• Collaboration with "OPay" to provide innovative payment solutions.

• Named as a top FinTech firm in the Middle East by Forbes Middle East.

• Product Innovations and Launches:

• Launched an electric car financing program as part of their green financing initiative.

• Introduction of "Contact Pay" application for streamlined bill payments.

• Developed Contact CrediTech to manage digital consumer financing, offering unique lending services in partnership with Telda.

• Strategic Moves:

• Contact is part of a strategic partnership with Al Ahly Momkn to enhance payment services in Egypt.

• Corporate Developments:

• Mr. Said Zater, CEO, participated in the 8th Capital Markets Annual Summit.

• Recognition for digital transformation efforts, touted as the Best Digital Transformation Fintech in Egypt in 2022.

• Sector Achievements:

• Contact and Al Safy Group offer free insurance for Mobilaty devices, marking a first in Egypt.

• Acknowledged for innovative contributions in consumer finance and fintech markets.

For further inquiries, reach out to Contact at their hotline 16177 or visit their branches located throughout Egypt. The company continues to innovate and expand, offering flexible, customer-centric financial and insurance solutions.