Cairo 08 October 2025:
Erada Finance, has announced the launch of its new digital core system XFin, following the official approval from the Financial Regulatory Authority (FRA) – Egypt’s leading authority supervising the non-banking financial sector, ensuring its stability, transparency, and sustainable growth.
This milestone marks a major step forward for the company, as XFin represents a comprehensive and advanced platform that covers various non-banking financial activities, reinforcing Erada Finance’s position at the forefront of digital innovation in the Egyptian market.
XFin incorporates a wide range of advanced, AI-powered features designed to transform the non-banking financial landscape. The platform includes a Loan and Portfolio Management System that ensures the highest levels of accuracy, transparency, and operational efficiency.
It also features an advanced Product Management System tailored specifically for microfinance, SME, Islamic, and merchant financing, with scalability to support future financial products, including nano finance, which forms part of Erada’s upcoming expansion plans.
In addition, XFin provides a comprehensive Customer and Growth Management System that enhances acquisition efficiency, strengthens management processes, and fosters sustainable relationships with both clients and partners—enabling the company to deliver more precise, flexible, and tailored financial solutions that meet the needs of diverse customer segments.
In this context, Amr Abou Elazm, CEO of Erada Finance, stated: “We are delighted to launch the XFin digital system that supports all non-banking financial activities and features state-of-the-art, AI-driven credit assessment services powered by advanced analytics. These capabilities enable faster decision-making and ensure high-speed, reliable, and flexible financing across all transactions. This, in turn, enhances internal performance and accuracy while unlocking new opportunities for Erada Finance, its team, and partners to design more diverse and innovative financial solutions and deliver a seamless digital experience. It also reinforces our position as a trusted partner leading financial inclusion and sustainable growth.”
Abouelazm added: “This achievement represents a unique development that the sector has not witnessed in years and reaffirms Erada Finance’s position as one of the leading companies offering innovative digital solutions in Egypt’s non-banking financial sector. With the launch of XFin, Erada Finance lays the foundation for expanding its technology team, strengthening its digital infrastructure, and advancing its long-term vision to become the leading digital non-banking financial services provider in Egypt and a key partner in financial empowerment.”
It is worth mentioning that the XFin system was developed entirely in-house by Erada’s Tech Hub — the company’s dedicated center for innovation and digital development. This hub serves as the driving engine behind all technological advancements introduced by Erada and is responsible for creating and implementing new solutions that meet the company’s current and future operational needs.
XFin reflects Erada’s advanced technical capabilities and forms the strategic foundation for its ongoing digital transformation journey, aligning with its vision to expand across various financial activities — from microfinance, SME, Islamic, and merchant financing to a wide range of innovative fintech solutions and nano-finance offerings within its future plans.
