ADVA augments One Finance's consumer financing services

Tuesday 6 December 2022 13:11 CET | News

Egypt-based online service instalment platform ADVA has augmented One Finance with instalments across a broad portfolio of services.


ADVA’s officials said that they’re excited to cooperate with One Finance, which marks a significant step towards strengthening ADVA’s role in the consumer finance sector as a mediator between customers, service providers, and collection partners. ADVA’s mission is to provide services that meet consumers’ essential needs and purchasing power while using modern technologies. This contributes to advancing the economy and the financial technology sector, as an integral part of the country’s strategy towards digital transformation and financial inclusion in line with Egypt’s Vision 2030.

Egypt-based online service instalment platform ADVA has augmented One Finance with instalments across a broad portfolio of services.

Offering instalments to different markets

The partnership between ADVA and One Finance focuses on finishing services, being one of the various categories offered by ADVA. Finishing is considered a key category that the partnership focuses on, based on thorough market surveys conducted to understand the most in-demand instalment services and needs among customers, who hit 15,000 within a short timespan.

One Finance is happy to have ADVA as a strategic partner in the financing services, leveraging the platform’s proven expertise in the financing sector. Signing this partnership with ADVA is part of One Finance’s commitment to expand its service offering and reach out to a new pool of customers, by providing an integrated consumer financing experience through a one-stop-shop for different categories. It is keen on creating new partnerships with diverse entities to expand its market presence and increase the customers base, as part of its expansion plan.

The partnership is set to offer consumer financing in 8 different categories, the most important of which are finishing and education. One Finance will be able to benefit from ADVA’s network of service providers, which amounts to 2,000 providers and its customers base of 15,000 clients to offer bespoke programmes tailored to individual needs with different repayment methods. The company offers an interval of financing limit starting from USD 407 and up to a maximum of USD 243,940, the highest credit limit among operating companies in the market, along with various payment plans and facilities, and convenient instalment plans.

With a business volume estimated at USD 8.13 million and up to 10,000 transactions reached in 2022, ADVA primarily works to alleviate the financial burden on the Egyptian family by converting annual expenses into monthly ones. Thus, contributing to bridging and reducing the gap between citizens, especially those unable to obtain loans from other financial entities, by financing basic services through instalment plans that last up to 60 months.

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Keywords: financing , instalment payments, expansion, partnership
Categories: Payments & Commerce
Companies: ADVA, One Finance
Countries: Egypt
This article is part of category

Payments & Commerce



One Finance

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