Egyptian fintech startup Valu is set to list 20.5% of its shares on the Egyptian Exchange (EGX) in 2026. This move marks the country’s second-ever fintech initial public offering (IPO) after Fawry, highlighting a significant step in Egypt’s financial technology landscape.
Valu, which transitioned from a buy-now-pay-later model in 2023 to a provider of broader consumer finance solutions, is currently valued at $247 million following a $12.4 million funding round with the Saudi Alhokair family. Its IPO on the EGX comes at a time when the exchange is actively seeking new listings to boost market liquidity after a relatively stagnant 2024.
The Egyptian government’s efforts to attract foreign investment and improve market conditions appear to be paying off, making the EGX more attractive for IPOs like Valu’s. The fintech’s public offering is expected to invigorate the exchange, which has historically relied on real estate listings, and could serve as a catalyst for more fintech startups considering public listings.
As Egypt’s fintech market continues to mature, the strategies employed in supporting Valu’s IPO—such as regulatory clarity and government-backed tech initiatives—might serve as a model for other African nations looking to strengthen their tech sectors through public market participation.
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