Access to Finance programs “FINANCE IT” are concerned with assisting SMEs getting the finance necessary to their growth through banks, enjoying the advantages of being listed in stocks as well as benefits of venture capital in future.
Finance IT aims to increase opportunities for small businesses to obtain finance from different financial institutions (SFD, Banks), help ICT companies to develop their business and increase the size of its investments and develop the finance ecosystem for the ICT sector
Access to Finance, which is a part of financial inclusion business model, is substantial for funding investment, ensuring businesses reach their full growth potential, and facilitating new business start-ups.
Finance IT programs provides small - medium businesses with a variety of financial services packages. In this respect, ITIDA signed a cooperation agreement with the Social Development Fund (SFD) which mainly focuses on micro and small enterprises.
In addition, ITIDA has announced ITIDA/Banking Partnership Programs in cooperation with various financial institutions, such as the National Bank of Egypt (NBE) and the United Bank (UB). Both banks will avail EGP 300 million over three years and different lines of credit, for the ICT small and medium enterprises.
ITIDA has also announced ITIDA/EGX Partnership Program which aims at giving ICT SMEs a chance to raise capital within a regulatory environment designed specifically to meet their needs.
Moreover, ITIDA signed a cooperation protocol with Small and Medium Enterprise Investment Fund “Bedaya” which is managed by the investment committee comprised of Cairo Financial Holding (CFH) and Al Ahly for Development and Investment (ADI).