Cairo – Egypt
Teradix signed a cooperation protocol with Banque Misr on Monday, May 23, 2022, where Eng. Khaled Aboshady – CEO of the company signed with Mr. Mohamed El-Antabli – Head of Small, Medium Enterprises, and Microfinance Sector at Banque Misr.
This signing comes as part of Teradix’s efforts to provide its customers with financing solutions for SMEs to support them in increasing the volume of their business with their customers, as Banque Misr seeks to support and finance small and medium projects, by providing financial solutions and services that are represented in loans and facilities that support the activity in addition to non-financial solutions and services provided by Teradix Company
Through this partnership, Teradix and Banque Misr aim to launch a joint initiative to provide financial solutions and products from “Banque Misr” and non-financial services and solutions from “Teradix” to SMEs from clients of both parties to meet their different needs, and the agreement includes Clients of the two parties dealing on electronic platforms, the Express Loan platform of Banque Misr and the electronic platform of Teradix, with the aim of transforming SMEs in Egypt.
This new partnership supports Teradix’s vision of supporting thousands of suppliers and SMEs on our platform with the best financial products and services from Banque Misr to facilitate access to finance. We have an ambitious plan to provide all the cutting-edge solutions that can empower and transform our SMEs base to grow their business.
Khaled Aboshady, CEO of Teradix expressed his happiness with the new partnership mentioning:
We are honored to conclude this partnership with Banque Misr, pointing out the importance of collaboration between prestigious financial institutions like Banque Misr and innovative technology startups like Teradix to empower the SMEs landscape in Egypt.
It is worth noting that Teradix provides a cloud-based procurement software that helps businesses efficiently manage their entire procurement processes with best-in-class modules including purchase requisitions, eRFx, reverse auctions, supplier management, spend analytics, and contract management, and all systems are fully integrated with internal ERP systems.
Teradix helps businesses to achieve efficiency, speed, and complete transparency in all stages of procurement management and supplier management, and most importantly, ensure saving up to 20% of the company’s budget
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