Latest news with #Swypex
CairoScene
13 hours ago
- Business
- CairoScene
Swypex Launches Egypt's First Approval-Based Corporate Card
Backed by Accel and licensed by Egypt's central bank, Swypex's new product brings dynamic, policy-driven spend controls to local businesses as part of its Premium offering. Jun 20, 2025 Cairo-based fintech platform Swypex has launched Egypt's first Approval-Based Limits Card, a new product designed to give businesses precise control over employee spending. The card is available exclusively through Swypex Premium, the company's recently introduced subscription tier for enterprise financial management. The Approval-Based Limits Card allows finance teams to assign dynamic spending limits that remain locked until individual transactions are reviewed and approved. This model, inspired by petty cash systems, enables a rotating balance approach — giving finance departments real-time visibility and automated enforcement of internal policies. Swypex's rollout comes amid Egypt's accelerating digital transformation. While mobile wallets and financial inclusion are on the rise — with over 74% of adults now financially included — nearly 94% of business payments remain undigitised. Swypex aims to close that gap by delivering fintech solutions tailored to Egypt's business environment, while adhering to global product standards. 'Egyptian businesses want control without friction, and this card gives them exactly that,' said Ahmad Mokhtar, Co-Founder and CEO of Swypex. 'Approval-Based Limit Cards bring a new standard of precision and agility to business finance. It's the bridge between old-world cash management and seamless, secure corporate spending.' The new card is one of several features available through Swypex Premium, which also includes unlimited cashback, flexible spend controls, and custom approval workflows. The broader Swypex platform integrates payments, invoicing, corporate cards, and financial operations into a single interface. Swypex is licensed by the Central Bank of Egypt and backed by a $4 million seed round led by Accel — the venture capital firm's first fintech investment in the MENA region. The company positions its platform as an end-to-end financial stack for businesses looking to modernise their operations, with onboarding that takes just three minutes.
Zawya
a day ago
- Business
- Zawya
Swypex introduces Egypt's 1st approval-based business card
Arab Finance: Swypex, a financial management platform based in Egypt, has launched the country's first Approval-Based Limits Card, a product designed to help businesses manage expenses more efficiently, as per a press release. Offered through the Swypex Premium subscription, the card applies dynamic spending limits that are activated only after transactions are reviewed and approved. This setup allows finance teams to maintain oversight and enforce spending policies in real time. Modeled on the structure of petty cash management, the card uses a rotating balance system to ensure employee spending does not exceed approved limits. It replaces manual processes with a streamlined mechanism to improve operational control. The launch comes as Egypt continues to develop its financial infrastructure. While over 74% of adults are now financially included and mobile wallet usage is growing, 94% of business payments are still processed manually. Swypex aims to address these challenges with localized products built to meet international standards. The Approval-Based Limits Card is part of a broader Premium subscription, which also includes cashback, spend controls, and customizable approval workflows. The company is supported by a $4 million seed round led by Accel—its first fintech investment in the MENA region—and is licensed by the Central Bank of Egypt. Swypex's platform integrates payments, invoicing, corporate cards, and financial workflows into a single system. Business accounts can be opened in under three minutes. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Wamda
2 days ago
- Business
- Wamda
Swypex rolls out spend control card in Egypt
Swypex, Egypt's all-in-one financial management platform, has unveiled the country's first Approval-Based Limits Card, an innovative product designed to modernise how companies manage spending. Available exclusively through the new Swypex Premium subscription, the card introduces dynamic spend limits that unlock only after transactions are reviewed and approved, which gives finance teams real-time visibility and precise control. Mimicking the operational dynamics of petty cash management, the Approval-Based Limits Card acts like a rotating balance, ensuring that no employee's spending exceeds what's been approved. This approach replaces fragmented, manual processes with an automated, policy-enforced financial governance system that drives operational efficiency. 'Egyptian businesses want control without friction, and this card gives them exactly that,' said Ahmad Mokhtar, Co-Founder and CEO of Swypex. 'Approval-Based Limit Cards bring a new standard of precision and agility to business finance. It's the bridge between old-world cash management and seamless, secure corporate spending. This card empowers companies to shift from chasing expenses to controlling them with clarity, speed, and confidence,' he added. Swypex's launch comes as Egypt undergoes a rapid transformation in its financial infrastructure. While more than 74% of adults are now financially included and mobile wallet adoption continues to grow, 94% of business payments remain undigitised, leaving businesses exposed to risk and inefficiency. Swypex is addressing these challenges with local-first solutions that meet global fintech standards. The Approval-Based Limits Card is part of Swypex Premium, which helps businesses unlock their full potential with the most comprehensive financial management platform in the market. The subscription also includes unlimited cashback, dynamic spend controls, and custom approval workflows. 'We build products that specifically cater to the needs of the local market while pushing boundaries and spearheading innovation in the region,' said Tarek Mokhtar, Co-founder and Chief Product Officer. 'From fast-growing SMEs to complex enterprises, Egyptian businesses need financial infrastructure that's powerful, simple, and scalable. That's why we designed Swypex Premium as more than just a tool but rather a comprehensive financial operating system. With advanced spend controls and approval workflows developed to integrate with existing financial processes, we're not just digitising finance; we're fundamentally reshaping how it works in Egypt's evolving economic landscape,' he added. Backed by a $4 million seed round led by Accel, the VC firm's first fintech investment in MENA, and licensed by the Central Bank of Egypt, Swypex is setting a new benchmark for how businesses handle finance. Its all-in-one platform consolidates payments, invoice management, smart corporate cards, and financial workflows into a unified, intuitive system designed to scale with growing companies. Opening an account takes just three minutes.
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
Swypex Launches Egypt's First Approval-Based Card, Redefining How Businesses Control Spend
Yara Sameh Swypex, Egypt's all-in-one financial management platform, has unveiled the country's first Approval-Based Limits Card, an innovative product designed to modernize how companies manage spending. Available exclusively through the new Swypex Premium subscription, the card introduces dynamic spend limits that unlock only after transactions are reviewed and approved, which gives finance teams real-time visibility and precise control. Mimicking the operational dynamics of petty cash management, the Approval-Based Limits Card acts like a rotating balance, ensuring that no employee's spending exceeds what's been approved. This approach replaces fragmented, manual processes with an automated, policy-enforced financial governance system that drives operational efficiency. 'Egyptian businesses want control without friction, and this card gives them exactly that,' said Ahmad Mokhtar, Co-Founder and CEO of Swypex. 'Approval-Based Limit Cards bring a new standard of precision and agility to business finance. It's the bridge between old-world cash management and seamless, secure corporate spending. This card empowers companies to shift from chasing expenses to controlling them with clarity, speed, and confidence,' he added. Swypex's launch comes as Egypt undergoes a rapid transformation in its financial infrastructure. While more than 74% of adults are now financially included and mobile wallet adoption continues to grow, 94% of business payments remain undigitized, leaving businesses exposed to risk and inefficiency. Swypex is addressing these challenges with local-first solutions that meet global fintech standards. The Approval-Based Limits Card is part of Swypex Premium, which helps businesses unlock their full potential with the most comprehensive financial management platform in the market. The subscription also includes unlimited cashback, dynamic spend controls, and custom approval workflows. 'We build products that specifically cater to the needs of the local market while pushing boundaries and spearheading innovation in the region,' said Tarek Mokhtar, Co-founder and Chief Product Officer. 'From fast-growing SMEs to complex enterprises, Egyptian businesses need financial infrastructure that's powerful, simple, and scalable. That's why we designed Swypex Premium as more than just a tool, but rather a comprehensive financial operating system. With advanced spend controls and approval workflows developed to integrate with existing financial processes, we're not just digitising finance; we're fundamentally reshaping how it works in Egypt's evolving economic landscape,' he added. Backed by a $4 million seed round led by Accel, the VC firm's first fintech investment in MENA, and licensed by the Central Bank of Egypt, Swypex is setting a new benchmark for how businesses handle finance. Its all-in-one platform consolidates payments, invoice management, smart corporate cards, and financial workflows into a unified, intuitive system designed to scale with growing companies. Opening an account takes just three minutes. To learn more or get access to the Premium subscription, visit read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
