Egypt’s E Finance plans a major push into artificial intelligence and cloud computing as it allocates USD 60 million over the next three years. This investment doubles the amount it committed in the previous period and signals a sharp shift toward advanced digital infrastructure. The company aims to strengthen its core services, scale new digital products, and prepare for regional expansion.
Strong Growth from Digital Infrastructure
E Finance continues to grow at a strong pace. The company recorded a 50 percent rise in revenue during the first nine months of the year, reaching EGP 5 billion. It also grew its net profit by 50 percent, hitting EGP 1.8 billion. The company attributes this performance to rapid progress in fintech infrastructure and wider adoption of digital financial applications across Egypt.
The company also strengthened its capabilities in key areas:
- Artificial intelligence applications
- Cybersecurity upgrades
- Talent development and human capital investment
- Cloud computing infrastructure
- Digital payment and fintech platforms
Ibrahim Sarhan, the Chairman and CEO, noted that AI and cloud services increased the company’s offerings by 60 percent. This growth encourages the company to expand further into these technologies to attract more platforms and clients.
Focus on Cloud and AI Services
E Finance plans to expand its cloud computing systems and embed AI across more of its operations. The company believes these technologies will drive efficiency, reduce costs, and improve service quality. The goal is to offer advanced tools that support government agencies, financial institutions, and private sector clients.
The investment strategy includes:
- Building new cloud infrastructure
- Integrating AI tools into financial services
- Developing advanced analytics solutions
- Supporting digital transformation programs across Egypt
- Expanding secure fintech solutions for institutions
These areas support the company’s long term goal of becoming a leading technology enabler in the region.
Preparing for Regional Expansion
E Finance also plans to expand across the region. The company has spent the last two years building a presence in Saudi Arabia. This early work helps it identify new opportunities for next year. The company now aims to leverage its experience with government and financial clients in Egypt to grow in regional markets.
The expansion strategy focuses on:
- Entering new regional markets
- Partnering with public and private sector institutions
- Exporting fintech and cloud solutions
- Building integrated digital ecosystems
Sarhan emphasized that the company gained strong experience through its long term work with national institutions. This experience now supports its international plans.
Digital Banking Services in Progress
E Finance has also obtained a digital banking license. Its role focuses on offering infrastructure and services for digital banks. It now waits for the Central Bank of Egypt to finalize the regulatory framework. Once approved, the company plans to launch new services that support digital banking growth in the country.
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E Finance commits USD 60 million to expand AI and cloud services, boost digital infrastructure, and prepare for regional growth across the Middle East.
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E Finance doubles investment to scale AI, cloud, and digital services while preparing for wider regional expansion.