Abu Dhabi Commercial Bank (ADCB) Egypt has entered into a strategic partnership with PaySupp, a fintech company, to provide innovative supply chain financing solutions for corporate vendors. This collaboration aims to enhance the financial management capabilities of businesses by offering flexible and integrated financial facilities that improve cash flow and operational efficiency.
The partnership introduces an early payment service, allowing suppliers to receive deferred payments more quickly and on more favorable terms. This service is designed to help companies manage their working capital more effectively, reduce operating costs, and foster stronger collaboration with suppliers. By improving payment terms, the platform aims to boost supply chain efficiency and support business continuity amid economic challenges.
ADCB Egypt’s Managing Director and CEO, Ihab El Sewerky, emphasized the bank’s commitment to supporting corporate growth and expansion plans through technological advancements.
Ihab El Sewerky emphasized: “ADCB Egypt supports the development of financial technologies and services in line with its strategic plan. This partnership aids in fostering corporate growth and expansion plans, increasing funding options, and improving supply chain efficiency by controlling risks and boosting operational performance. Additionally, it enhances liquidity and supports projects aimed at driving economic development and entrepreneurship in Egypt. This collaboration will strengthen the corporate infrastructure and contribute to implementing sustainable economic practices and creating better job opportunities in the Egyptian market.”
This initiative aligns with ADCB’s strategic goals of enhancing liquidity, supporting economic development, and fostering entrepreneurship in Egypt. The collaboration with PaySupp is expected to strengthen the corporate infrastructure and contribute to sustainable economic practices, creating better job opportunities in the Egyptian market.
PaySupp’s CEO, Ahmed Alaa, CFA, highlighted the potential of B2B fintech solutions in Egypt, noting that the platform leverages data and technology to help companies secure liquidity and overcome challenges posed by extended payment cycles.
