Khazna Secures FRA Consumer Finance License Through Acquisition of Pharos Consumer Finance
Khazna Expands in Egypt with Strategic Acquisition of Pharos Consumer Finance and FRA Licensing
Write Hatem Mohamed
Khazna Capital, part of Khazna, a financial technology company focused on empowering underserved consumers across the Middle East, has completed its acquisition of Pharos Consumer Finance Company from Pharos Holding earlier this year, while beginning to deploy credit facilities from financial institutions.
The strategic transaction marks a significant milestone in Khazna’s long-term growth strategy in Egypt’s consumer finance market. It enables the company to expand its financial services through its business-to-business-to-consumer (B2B2C) partnership model, which leverages users’ salary and pension data to support efficient customer distribution, credit risk management, and greater trust.
FRA License Strengthens Khazna’s Market Position
The acquisition provides Khazna with access to a consumer finance license issued by Egypt’s Financial Regulatory Authority (FRA), strengthening its ability to deliver regulated and responsible financial services to millions of Egyptians underserved by traditional banking institutions.
Through this move, Khazna aims to broaden access to digital financing solutions tailored to diverse consumer needs, leveraging its partnership-led business model to expand distribution and enhance credit risk management.
Zaki Hashem & Partners Advises on the Transaction
Zaki Hashem, Attorneys at Law, one of Egypt’s leading law firms, acted as legal counsel for the transaction, providing legal advisory services and support throughout the acquisition process.
Khazna is a consumer-focused financial technology company that develops accessible digital financial solutions for underserved segments across the Middle East. Through its digital platforms and customer-centric offerings, the company aims to help individuals manage their financial needs while advancing financial inclusion.
Pharos Consumer Finance Company, formerly part of Pharos Holding, is a licensed consumer finance institution in Egypt specializing in regulated credit products, with a focus on responsible lending and financial services designed to meet the needs of diverse consumer groups.
