Swypex, Egypt’s leading all-in-one financial management platform, has introduced a breakthrough product: the country’s first Approval-Based Limits Card. This innovative card aims to modernize how companies control and manage their spending with precision and real-time oversight.
Available exclusively through Swypex Premium, the card features dynamic spend limits that only unlock after transactions are reviewed and approved by finance teams. This ensures companies gain complete visibility and tight control over expenditures.
What Makes the Approval-Based Limits Card Special?
Unlike traditional corporate cards or petty cash systems, the Approval-Based Limits Card acts like a rotating balance. This means:
- ✅ Employees can only spend up to the approved amount
- ✅ Spending resets dynamically as new approvals come through
- ✅ Finance teams get real-time monitoring of all transactions
- ✅ Manual, error-prone processes are replaced by automated, policy-driven controls
This approach eliminates the hassle of chasing down expenses after the fact. It gives businesses a clear, efficient way to govern spending upfront, improving compliance and operational efficiency.
Why This Matters for Egyptian Businesses
Ahmad Mokhtar, Swypex’s Co-Founder and CEO, explains, “Egyptian businesses want control without friction. This card delivers just that.” He adds, “It bridges old-world cash management with secure, seamless digital spending.”
Egypt is rapidly advancing its financial infrastructure. Today:
- ✅ Over 74% of adults are financially included
- ✅ Mobile wallet adoption continues to soar
- ✅ But, 94% of business payments remain undigitized
This gap exposes companies to risk and inefficiency. Swypex targets this challenge with solutions tailored for the local market while meeting global fintech standards.
Swypex Premium: More Than Just a Card
The Approval-Based Limits Card is part of a larger offering called Swypex Premium — a comprehensive financial management subscription that helps businesses grow smarter and faster. It includes:
- ✅ Unlimited cashback on transactions
- ✅ Dynamic spend controls tailored to company policies
- ✅ Customizable approval workflows integrated with existing systems
Tarek Mokhtar, Co-Founder and Chief Product Officer, highlights, “From SMEs to complex enterprises, Egyptian companies need financial infrastructure that’s powerful yet simple. Swypex Premium is a full financial operating system, not just a tool.”
Setting New Standards in Egypt’s Fintech Scene
Swypex is backed by a $4 million seed round led by Accel—marking Accel’s first fintech investment in MENA—and is fully licensed by the Central Bank of Egypt.
Its platform consolidates:
- ✅ Payments
- ✅ Invoice management
- ✅ Smart corporate cards
- ✅ Financial workflows
all into a single intuitive system that scales with businesses.
Opening a Swypex account takes just three minutes, making it easy for companies to adopt and transform their finance operations.