The Middle East and North Africa (MENA) region’s biggest buy-now, pay-later (BNPL) FinTech firm, valU, has received worker control and blessings issuer Paynas. ValU claims this can guide its ambition to offer seamless economic answers to the region’s large society.
According to an information announcement from the company, this buy will permit valU to attain out to the micro, small, and medium-sized businesses (MSMEs) that make up Paynas’ client base.
A 360-diploma economic and lifestyle-permitting answer can be delivered, to address each element of people’s lives and the purpose of enhancing their common first-rate of living, consistent with valU CEO Walid Hassouna. “Paynas is a strategic healthy for us, and the mixture of our groups will power giant price for our shareholders and customers,” he stated withinside the release.
A cloud-based platform for tracking time and attendance and payroll, payroll cards, health insurance, earned wage payments, and salary advances are among the Paynas services provided to MSMEs, while valU’s BNPL alternatives include options for healthcare, education, home appliances, furnishings, and travel.
According to the press release, both players would profit from synergies in cross-selling and cheap client acquisition costs.
According to Paynas CEO Mohamed Mounir, “both firms are determined to make a social and economic impact, and we’re looking forward to creating more substantial improvements in people’s lives by allowing them to have more access to finance and providing practical financial solutions to their doorstep.”
