Egyptian fintech Valu’s market cap hits $370 million after blockbuster EGX debut 

Egyptian fintech Valu’s market cap reached $370 million as of shut of buying and selling as we speak, following a blockbuster debut on the Egyptian Change (EGX) final week that noticed shares surge 852.4% from their opening value of EGP 0.78 to shut at EGP 7.40, hitting the utmost value ceiling allowed for first-day buying and selling. The inventory closed as we speak at EGP 8.71.

The itemizing is critical as Valu grew to become the primary shopper finance firm to commerce on the EGX by way of an unconventional path that bypassed conventional IPO fundraising and capital elevating.

Not like standard IPOs, Valu’s mum or dad firm EFG Holding distributed shares to its present shareholders as a dividend reasonably than elevating new capital. EFG Holding shareholders obtained one Valu share for each 3.3 EFG Holding shares held, with the transaction funded by $6.76 million (EGP 335.5 million) from EFG Holding’s distributable retained earnings. This resulted in EFG shareholders getting roughly 20.5% of Valu’s share capital, whereas EFG Holding retained a 67% stake by way of its EFG Finance arm.

The debut additionally welcomed Amazon as one in all Valu’s largest shareholders, with the US tech big buying 3.95% of the corporate for EGP 6.04 per share. The acquisition stems from a three-year-old choice settlement when Amazon bought $10 million price of EFG Hermes’ shares on the London Inventory Change in 2022, which included rights to transform them right into a Valu stake primarily based on a $235 million market cap throughout liquidity occasions.

Valu has established itself as a dominant drive in Egypt’s shopper finance sector, holding a 25% market share. The corporate achieved 66.5% progress in 2024 whereas the broader market grew 31.2%. Between 2019 and 2024, Valu posted a 146% compound annual progress charge in gross income, with internet revenue reaching EGP 423 million in FY 2024, a 78% year-on-year improve.

By Q1 2025, Valu had processed over 9.2 million transactions and was dealing with roughly 16,000 every day transactions, making it the biggest community after main card networks. The platform serves over 8,500 shops and on-line platforms throughout classes together with dwelling home equipment, electronics, healthcare, training, and journey.

Walid Hassouna, CEO of Valu, stated, “In the present day marks a transformative milestone in Valu’s journey. Changing into a publicly listed firm is a robust validation of the affect we’ve made and the longer term we’re constructing. Since our inception, we’ve been pushed by a mission to democratize entry to finance and empower people and companies by way of revolutionary, tech-enabled options. Itemizing Valu brings our mission of economic inclusion full circle. As we enter this new chapter, we stay dedicated to innovation, inclusion, and excellence.”

“Valu’s itemizing on the Egyptian Change is a proud and defining milestone for EFG Holding,” added EFG Holding Group CEO Karim Awad. “It displays the end result of years of strategic funding, innovation, and unwavering perception within the energy of economic expertise to remodel lives.”

Monetary Regulatory Authority Chairman Mohamed Farid highlighted the itemizing’s significance for Egypt’s capital markets, noting it “opens the door to increasing the bottom of listed corporations” within the non-banking monetary providers sector.

With its latest fintech license from the Monetary Regulatory Authority, Valu now affords a totally digital, end-to-end expertise together with seamless eKYC, digital contracts, and safe record-keeping.

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