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McKinsey: Fintech Partnerships Are Key to Boosting Small Business Funding in Egypt

A new report from McKinsey & Company suggests that teaming up with fintech companies is a smart way to help small businesses in Egypt get the funding they need. This collaboration can close the current funding gap by making data better and bringing more businesses into the financial system.

AI Asim Ibrahim Updated 0 min read
McKinsey: Fintech Partnerships Are Key to Boosting Small Business Funding in Egypt

A recent report from McKinsey & Company reveals that Egypt's small and medium-sized enterprise (SME) sector still faces a significant funding gap. This is because about 88% of these businesses remain outside the traditional banking system, highlighting a structural shortage of suitable financial services for this vital sector.

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