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A consortium comprising SPE Capital, Tanmiya Capital Ventures (TCV), the European Bank for Reconstruction and Development (EBRD) and British International Investment (BII) has agreed to sell Tamweely to e-Finance for Digital and Financial Investments.
Tamweely is an Egypt-based non-bank financial services company that provides financing and related services to micro, small and medium-sized enterprises (MSMEs).
Completion of the transaction remains subject to regulatory approvals.
The consortium acquired Tamweely in December 2024. During its ownership, the company opened 45 new branches, taking its network to more than 250 branches.
Ahmed El Oraby, partner, and Nabil Triki, managing partner and CEO at SPE Capital, said in a joint statement: “When we invested in Tamweely, our thesis was that Egypt’s underserved MSMEs needed not just capital, but a genuinely digital lender. Over our ownership, we worked with Ahmed Khorched and his team to build the infrastructure, organisation and governance to deliver that at scale, and the company today is well positioned for its next phase of growth. This transaction is a strong outcome for our investors and a clear demonstration of the SPE Capital model: partnering with strong local management teams, institutionalising businesses and ultimately bringing in owners who can take them to the next stage. We are proud of the impact Tamweely has delivered for micro and small entrepreneurs across Egypt, and confident that impact will deepen in the years ahead. We are equally excited to partner with e-Finance in unlocking Tamweely’s full potential and scaling its impact footprint.”
Mohamed Mahgoub, managing partner at TCV, commented: “Our partnership with Tamweely reflects TCV’s strategy of backing strong management teams and helping promising Egyptian businesses achieve institutional scale. We are proud of the progress made in strengthening the company’s governance, digital capabilities and product offering while expanding access to finance for underserved businesses. Looking forward to seeing e-Finance unlock what Tamweely can become.”
Alain Rassi, head of equity investments in financial services for the Middle East and Africa at EBRD, noted: “We are very proud of the impact that Tamweely has had on micro and small entrepreneurs in Egypt under our ownership and of the significant progress achieved in developing the business. This included expanding the company’s product offering to include SME lending and micro-leasing, strengthening governance through the adoption of best practices in lending and risk management, and advancing key digital initiatives. We wish Tamweely and its management team continued success under the new ownership.”
Kate Perkins, an investment director at BII, added: “Since our investment, Tamweely has continued to drive sustainable financial inclusion at scale and been a true champion to micro and small enterprises in Egypt. Through our investment, BII was pleased to support a gender action plan to improve diversity at the company and expand outcomes for female customers, reflecting our broader commitment to advancing inclusive economic growth in Egypt. We look forward to seeing Tamweely further implement and institutionalise this strategy in its next chapter.”
Ahmed Khorched, chief executive officer and managing director of Tamweely, said: “We are proud of Tamweely’s track record and milestones achieved since the partnership started with SPE, TCV, EBRD and BII. This transaction is a natural next step for Tamweely and a significant opportunity to expand our impact. By combining our lending expertise and nationwide presence with e-Finance’s digital infrastructure and reach, we can bring responsible financing to more MSMEs across Egypt. Together, we have the opportunity to make finance more accessible, more data-driven and better aligned with the needs of the businesses that drive our economy.”
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