EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced today the launch of a new program between its NBFI subsidiaries valU, a leading technology solutions provider, and EFG Hermes Corp-Solutions, the Firm's factoring and leasing arm. The collaboration will provide valU merchants with immediate access to factoring services, affording them opportunities to increase their liquidity, grow their business, and meet their strategic objectives. The partnership is available to merchants who have worked with valU for over one year, offering eligible partners immediate access to liquidity with a pre-approved limit ranging from EGP 50,000 to EGP 10 million. The company will utilize credit profiles for the merchants calculated by valU's artificial intelligence modules and algorithms to set the limits and provide approvals in a single day.
