Beltone Asset Management, a key player in the Egyptian financial landscape, has announced a strategic partnership with Telda, a fintech platform specializing in digital financial services. This collaboration aims to enhance access to Beltone's diverse investment products and mutual funds via Telda's user-friendly digital platform. By eliminating commission fees—except for precious metals funds—and facilitating direct transfers of redeemed proceeds to Telda cards, the partnership seeks to foster greater financial inclusion and encourage broader participation in investment opportunities across Egypt. Telda users will benefit from a range of funds, including the 'Meya Meya' fund and the Shariah-compliant 'Wafra EGX 33' equity fund, all while enjoying a streamlined account setup process that requires only a national ID. Khalil El Bawab, CEO of Local & Regional Markets at Beltone Holding, emphasized the partnership's role in transforming how investors interact with financial products in a digital-first environment. Meanwhile, Telda's CEO, Ahmed Sabbah, highlighted the integration of everyday financial services with investment solutions, enhancing the overall user experience.
Source: Wamda
