Valify, Egypt’s leading RegTech startup, has secured a major milestone. The Financial Regulatory Authority (FRA) has officially granted the company approval to issue digital contracts and manage tamper-proof electronic registries.
This regulatory green light positions Valify as a key player in Egypt’s digital transformation journey, bringing the country one step closer to reducing reliance on foreign technologies and aligning with Vision 2030 goals.
A Boost to Egypt’s Digital Infrastructure
The new license allows Valify to offer fully legally compliant digital services under Egypt’s Digital Contracts Law No. 5 of 2022. Businesses, from large financial institutions to small enterprises, can now use Valify’s platform to:
- ✅ Create and manage secure digital contracts
- ✅ Store and retrieve electronic records using blockchain
- ✅ Reduce costs by eliminating paperwork and manual processes
- ✅ Stay fully compliant with local legal frameworks
This isn’t just about convenience, it’s about modernizing Egypt’s infrastructure in a way that’s secure, scalable, and 100% local.
Locally Built, Globally Competitive
Founded in 2019 with entirely Egyptian capital and talent, Valify has been building a suite of digital tools that already power operations at major banks, e-commerce platforms, logistics companies, and financial institutions.
Its core services include:
- eKYC (Electronic Know Your Customer) using national ID integration
- Secure digital signatures
- Smart contract deployment
- Tamper-proof, locally hosted recordkeeping
By developing and hosting everything within Egypt, Valify supports technological sovereignty while ensuring high-level security and compliance.
A Step Toward Vision 2030
The FRA’s approval reflects a growing confidence in local tech innovators like Valify. The move is also in line with Egypt Vision 2030, a national plan to modernize government, industry, and finance through digital transformation.
- Promotes financial inclusion
- Reduces dependency on foreign tech infrastructure
- Encourages regulatory innovation and public-private collaboration
Omar Abdel Wahed, CEO of Valify, emphasized the significance of this milestone:
“This license isn’t just a regulatory checkbox. It’s a mandate to deliver local solutions that match global standards. We’re proud to support Egypt’s digital future.”
FRA’s Role in Enabling Innovation
The FRA’s decision demonstrates its commitment to a secure, innovation-driven financial sector. By working with companies like Valify, the Authority is enabling startups to bring cutting-edge solutions to the mainstream.
- Recognizes Valify’s compliance and innovation track record
- Strengthens Egypt’s fintech regulatory ecosystem
- Opens doors for future collaborations in digital finance
Final Thoughts
Valify’s FRA approval is more than just a business win, it’s a signal of Egypt’s growing confidence in its own innovation capacity. With homegrown solutions, legal backing, and a forward-looking mission, Valify is playing a vital role in building Egypt’s next-generation digital economy.