Cairo, Egypt – GlobalCorp, a leading non-banking financial institution in Egypt, announces the launch of its new B2C platform for lifestyle financing under the brand ‘Ollin‘.
‘Ollin’ will serve as a one-stop-shop and ‘All-In’ platform for all consumer finance needs. The company will offer installment programs covering auto loans, mortgages, home finishes, education and tuition, health care, travel and club memberships.
GlobalCorp has allocated an initial investment of EGP 150 million to its new venture, with more funds to be deployed as ‘Ollin’ expands its customer base and product offerings.
“The launch of the B2C business is another important step in our strategy to become a comprehensive NBFI platform offering the full range of financial products and covering different market segments.” – said Hatem Samir, founder and CEO of the GlobalCorp group. “Our goal is to create a premium brand that goes beyond traditional installment offerings to deliver a unique and comprehensive customer experience and become the trusted partner for the lifestyle aspirations and financial planning needs of our customers. clients.
“Ollin” has appointed a team of enterprising and experienced industry veterans with backgrounds in banking and financial services, telecommunications and technology. The company’s short-term goal will be to scale operational capabilities, technology infrastructure and double the size of the team by the end of the year. The company will build on GlobalCorp’s track record as an entrepreneur-led organization and market-leading positioning to serve enterprises and SMEs with a range of leasing, factoring and securitization.
The new venture comes on the heels of the acquisition of GlobalCorp by a consortium of investors comprising the EBRD (European Bank for Reconstruction and Development) and two international private equity funds, Amethis and SPE Capital.
GlobalCorp is a fully fledged non-banking financial services institution based in Egypt. Since its inception in 2015, GlobalCorp has strived to serve clients across multiple industries, including enterprises and SMEs of varying sizes offering a range of non-banking financial services including finance and operating leases, factoring and structured finance solutions that help clients achieve their business goals and grow sustainably through an alternative financing option.
We leverage our team’s expertise in the financial services industry to deliver comprehensive, personalized service and advice to our clients, adding value to their operations and enabling them to excel in their industries.
We pride ourselves on delivering the highest quality creative solutions with fast payout times in line with international operating standards.