The financial technology (FinTech) mobile app, ElGameya, has appointed Amr Kamal Aboelazm as its Non-Executive Chairperson of its Advisory Board, and Ahmed Mahmoud Abdeen as its new Chief Executive Officer.
Aboelazm, who is also a renowned investor at the company, said, “I am honoured to join ElGameya’s Advisory Board, given how this prestigious entity has had a clear impact on supplying the nation with the latest innovations and financial solutions that technology has to offer.”
“Seeing how the company’s creative digital solutions go in line with the Egyptian Government’s endeavours to support the economy by establishing financial inclusion, I believe our contributions shall induce a paradigm shift to the traditional methods of financial savings,” he added, “This is in addition to improving the customer service levels, and ultimately boosting the digital financial services in the Egyptian market.”
For his part, Abdeen, who is also the company’s Founder, said, “We are thrilled to have Amr Aboelazm as our Non-Executive Chairperson, in addition to his being an eminent investor at the company.”
He noted that Aboelazm comes with a proven track-record extending over 28 years in the field of banking and financial services.
“We strongly believe that he will be a great added value to our advisory board,” Abdeen added, “Whilst taking into account how the Central Bank of Egypt’s (CBE) strategies reaffirm financial inclusion, ElGameya sees eye-to-eye by systematically commissioning subject-matter experts, and striving to increase the local mutual fund businesses for individuals, via capitalising on the external position of the Egyptian economy in this respect.”
Aboelazm currently serves as Chairperson of the Board of Directors and Managing Director of Tamweely Microfinance, in addition to his position as a member of the Board of Directors at the International Council for Small Businesses (ICSB).
He additionally serves as Chairperson of the Middle East Council for Small Businesses and Entrepreneurship (MCSBE), and as a member of the Board of Directors and a member of the Re-Structuring Committee at Nasser Social Bank.
Aboelazm was previously a member of the Board of Directors at the Small, Micro, Small and Medium Enterprises Development Agency (MSMEDA), as well as CEO and Vice-Chairperson of the Board of Directors and the founding partner of Tanmeyah Microenterprise Services.
He has also held the post of Executive Vice President of the KFW Development Bank in Egypt, as well as being an investor in several startups. In addition to this, he has mentored a number of young entrepreneurs, whilst also serving as a consultant for emerging financial technology companies.
ElGameya Fintech Company was established in 2019 by Abdeen as an online platform that provides microcredit and collaborative lending solutions to individuals based on the Sharing Economy’s concept, known as mutual funds.
Through the ElGameya mobile application, users can partake in mutual funds with other users who have identical savings capabilities in public circles. The application also enables the facilitation of electronic payment processes, as well as having an integrated market that enables users to access low-price products as an alternative to cash.