Launched by two tech entrepreneurs, the financing solution aims to support the growth of small and medium-sized enterprises in Egypt. It recently received backing from the Egyptian Financial Regulatory Authority.

Oliv is an Egyptian digital platform that offers factoring services to small and medium-sized enterprises (SMEs). It allows businesses to instantly convert invoices into cash. Based in Cairo, the startup was founded in 2024 by Ziad Mokhtar and Hatem M. Sabry.

“Our goal is to help thousands of small businesses secure short-term financing to maintain smooth operations and support growth. We rely on technology to extract and analyze data and make financing decisions in just a few minutes.”

For the time being, Oliv can be accessed only accessed through its website, where users create accounts. Based on registration information, the fintech assigns a credit limit to the business.

To be eligible for financing, businesses must provide B2B services and have an electronic invoice history exceeding one year. Eligible invoices can then be selected for factoring, with discount rates reviewed and a digital contract signed with Oliv. Funds are deposited into the business's bank account within 48 hours.

The platform offers up to 4 million Egyptian pounds (approximately USD 79,000) and payment terms are 30, 45, or 60 days on a renewable basis.

Adoni Conrad Quenum