Beltone's SME unit
Small and medium-sized enterprise finance business line of Egypt's Beltone Holding, licensed by the Financial Regulatory Authority in August 2024 and based in New Cairo.
Industry: SME finance | Location: New Cairo, Egypt | Founded: 2020
About Beltone's SME unit
Beltone SMEs is the small and medium-sized enterprise financing business line of Beltone Holding, the Egyptian financial services group listed on the Egyptian Exchange under the ticker BTFH. It lends to Egyptian businesses, and its page on the group website lists Capex Finance, Opex Finance, Supply Chain Finance and Direct Finance as its services.
The unit began as Beltone SME, which Enterprise reported was set up in April 2020 as one of three non-bank financial services arms for which Beltone Financial Holding received licences that year. Yehia Ashour was its co-founder and chief executive. In October 2020 he said it offered revenue-based financing and planned an EGP 1 billion investment fund by the end of 2021. Enterprise reported in January 2023 that staff resigned in late 2022 and that Ashour, chief investment officer Ahmed Zeinhom and investment director Omar Aboulmagd had left to found Invia, a Cairo fintech for small businesses. Ashraf Abdel Fattah is now chief executive of Beltone SMEs.
Capex Finance provides medium-term loans to small and medium-sized businesses that buy new machines and vehicles for their core activities. The group site names manufacturing, exporters, agriculture, logistics and healthcare among its sectors of focus. In October 2024 Invest-Gate reported that the unit was financing more than 40 factories.
The Financial Regulatory Authority gave preliminary establishment approval in January 2024 and final approval of the SME finance licence in August 2024; the group site lists it as licence number 9. In October 2024 Invest-Gate reported that paid-in capital had doubled from EGP 250 million to EGP 500 million and that the portfolio had passed EGP 400 million. In March 2025 it joined the SME Finance Forum.
Beltone Holding reported in August 2025 that Beltone SMEs earned EGP 212 million in revenue in the first half of 2025 and had an outstanding portfolio of EGP 1.4 billion at the end of June 2025. The unit's website lists two 2025 awards, Fastest Growing SMEs Financial Provider and Best SMEs CEO of the Year Egypt 2025, the latter given to Abdel Fattah.
Leadership
- Ashraf Abdel Fattah, Chief Executive Officer