QNB ALAHLI signs a cooperation agreement with Sylndr

Posted on : Tue, 04 Apr 2023

QNB ALAHLI signs a cooperation agreement with Sylndr to provide new financing solutions for used car installments in Egypt
Based on QNB ALAHLI's eagerness to support startups and entrepreneurs by providing all financial and non-financial services to meet the needs of customers in this sector, In line with the directives of the Central Bank of Egypt, QNB ALAHLI signed a cooperation agreement with Sylndr Egypt, a company specialized in selling used cars, under which the bank will provide various financing solutions to customers wishing to obtain the services and products offered by Sylndr, This is in line with QNB ALAHLI's pioneering strategy, which offers innovative financing models that suit all customer segments.
The protocol was signed by Mr. Mohamed Bedeir, CEO of QNB Al-Ahli, and Mr. Omar El Defrawy, CEO of Sylndr Egypt, in the presence of the bank's and the company's leaders.
In this context, Mr. Mohamed Bedeir expressed his happiness to sign the protocol with the startup Sylndr Egypt, which achieved remarkable successes within a short period of time and was characterized by credibility in dealing with customers in the used car trade through its application " Sylndr", stressing the bank's enthusiasm to support and strengthen partnerships that achieve good service and added value to customers,
The CEO of QNB ALAHLI explained that the bank is keen to support startups and entrepreneurs by providing financing solutions that contribute to the growth of companies, expand their business circle, and contribute in increasing their activities.  
For his part, Omar Al-Defrawy, CEO and co-founder of Sylndr, confirmed that the company is providing new solutions for the first time in the used car market in Egypt, as it offers its customers the opportunity to buy high-quality used cars with a comprehensive warranty for 3 months, and a return or exchange policy for 7 days. In addition to the various financing solutions offered for the first time in Egypt in the used car sector. On the other hand, the company offers a unique experience to its customers wishing to sell their cars through a free home inspection of the car, followed by submitting a final purchase offer and executing it in less than 24 hours and 7 days a week.
The signing of the protocol complements the bank's aim to provide various services to support startups and entrepreneurs, including the bank's success in launching business development centers to provide a package of non-financial services, which are technical and marketing support, various consultations, feasibility studies and training courses.
It should be noted that Sylndr has succeeded in a short time in launching its services in the Egyptian market and gaining the confidence of customers in all governorates of Egypt, in addition to concluding many partnerships, the most important of which is the strategic partnership with QNB ALAHLI to provide all financing solutions to customers.