Ziad Mokhtar & Hatem Sabry
Oliv
01
03
“oliv competes with traditional factoring companies that typically take longer times to underwrite clients and only serve 600 clients, mostly large companies, leaving behind more than 219,000 SMEs underserved,” said Mokhtar.
Invoice factoring for Egypt's SMBs.
Founded in February 2024 by Ziad Mokhtar, ex-founding partner of Algebra Ventures, and Hatem Sabry, ex-director at Deutsche Bank, oliv is a digital invoice financing company serving SMEs across Egypt.
oliv secured Egypt’s first digital factoring license from the Financial Regulatory Authority (FRA), tailored for venture-backed fintech companies and allowing oliv to offer fully digital factoring and reverse-factoring services to Egyptian businesses.
oliv is contributing to filling a US$39 billion funding gap in the SME segment in Egypt, including around US$8 billion in invoice financing specifically.