mylo
Egyptian consumer finance company and B.TECH subsidiary offering installment plans of up to 48 months through more than 5,000 brands. It holds a fintech licence and Financial Regulatory Authority approval for fully digital onboarding.
Industry: Consumer finance | Location: Egypt
About mylo
mylo is an Egyptian consumer finance company that offers installment plans for purchases from partner merchants. It is a subsidiary of B.TECH, the Egyptian omnichannel retailer, and describes itself as born out of B.TECH. In January 2026 it described its installment plans as running up to 48 months across more than 5,000 brands in 15 product categories, and called its consumer finance portfolio Shariah-compliant.
Mohamed Khattab is chief executive of mylo. He is named in that role in coverage of the March 2025 regulatory approval, in the January 2026 bond announcement and in a TechScoop report of September 2026.
In March 2025 Egypt's Financial Regulatory Authority approved fully digital onboarding for mylo under its fintech licence, which mylo said made it one of the first consumer finance companies to receive that approval. Customers can register and activate accounts without wet signatures or in-person identity checks and receive credit access within minutes. At that time mylo said it was operating in most of Upper Egypt, including Assiut, Sohag, Qena, Luxor and Aswan, and in Delta cities including Tanta, Mansoura, Banha, Damanhur and Zagazig, with Alexandria and Cairo scheduled for mid-2025 to complete national coverage.
On 8 January 2026 mylo announced that it had completed its second securitization bond issuance, worth EGP 1.76 billion, after obtaining regulatory approvals. The tranches have a 12-month maturity and EG Bank is the bond custodian. mylo said the proceeds would diversify its funding sources and support growth of its user base, merchant and brand partnerships and technology. No equity funding round was found in the sources read.
On 23 September 2026 mylo and AXA Egypt signed a group credit life insurance programme in Cairo, according to TechScoop. If a covered customer dies or suffers permanent total disability, the remaining balance on the financing is settled, subject to agreed terms and coverage limits. Eligible customers are covered without a medical exam or health declaration within those limits, and the premium is not added to the installment.
Leadership
- Mohamed Khattab, Chief Executive Officer