mylo, the fast growing fintech company born out of B.TECH, has completed its second securitization bond issuance worth EGP 1.76 billion (US$37.2 million) after receiving all required regulatory approvals. This milestone reflects more than a financial transaction. It shows how digital finance in Egypt is maturing and how responsible fintech solutions are expanding access to flexible and ethical consumer financing.
The successful issuance builds on mylo’s first securitization and highlights growing confidence from financial institutions in the company’s business model. It also strengthens mylo’s ability to support millions of Egyptians who rely on installment based payment options for everyday needs. From electronics and clothing to travel and education, mylo continues to position itself as a trusted partner for both consumers and merchants across the country.
Strengthening Sustainable and Sharia Compliant Finance
The EGP 1.76 billion issuance is structured in tranches with a 12 month maturity, with EG Bank acting as the bond custodian. This structure allows mylo to diversify its funding sources while maintaining a stable and sustainable financial base. It also supports the expansion of the company’s fully Sharia compliant consumer finance portfolio, which remains a core part of its identity.
Mohamed Khattab, Chief Executive Officer of mylo, described the issuance as a key step in the company’s journey. He noted that successfully closing the second securitization reflects strong confidence in mylo’s financial position and the quality of its financing portfolio. More importantly, it supports the company’s long term vision of building sustainable funding channels that can expand the reach of its digital solutions across Egypt.
mylo’s approach focuses on responsible finance. All its products follow Sharia principles, ensuring ethical practices that promote inclusion and trust. This has helped the company stand out in a competitive fintech market while serving a wide range of customers who value transparency and fairness in financial services.
Driving Expansion Through Technology and Partnerships
The new funding will play a direct role in mylo’s next phase of growth. According to Khattab, the company plans to expand its user base, strengthen partnerships with merchants and brands, and invest further in its technology platform. These steps aim to improve customer experience and make digital finance even more accessible.
mylo already works with more than 5,000 brands across 15 categories, offering flexible installment plans of up to 48 months. It allows customers to buy now and pay later at thousands of points of sale across Egypt. This wide network supports both consumers and businesses, helping merchants grow sales while giving customers manageable payment options.
The company is also among the first consumer finance firms in Egypt to receive approval from the Financial Regulatory Authority for fully digital onboarding, alongside a fintech license. This means customers can access mylo’s services quickly and securely without complex paperwork, a key advantage in today’s digital economy.
Born out of B.TECH, Egypt’s leading electronics and appliances retailer with more than 27 years of experience in installment solutions, mylo combines legacy trust with modern fintech innovation. As it continues to grow, the company’s latest bond issuance stands as a clear signal of confidence in Egypt’s digital finance future and mylo’s role in shaping it.
