Beltone Asset Management and Telda have partnered to expand digital investing access in Egypt. Under this agreement, users can access Beltone’s investment products and mutual funds directly through the Telda mobile application. Consequently, this collaboration aims to simplify financial market participation for retail investors across the country.
Specifically, the integration allows users to invest in managed funds with zero commission fees, excluding precious metals funds. Furthermore, investors can transfer their redeemed proceeds directly to their Telda card. This feature supports broader financial inclusion by removing traditional barriers to entry in the local economy.
Expanding Digital Investing Access Through Funds
The partnership provides access to a diverse range of funds managed by Beltone Asset Management. Notably, these include the “Meya Meya” fund, the “Sabayek” gold investment fund, and the “B-Secure” liquidity fund. Additionally, users can invest in “Wafra EGX 33,” which is a Shariah-compliant equity fund, alongside other sector-focused options.
Simplified Account Creation and Market Monitoring
The apps platform enables users to open an investment account within minutes, facilitating digital investing access using only their national ID. Meanwhile, investors can monitor stock prices in real time and execute trades without subscription fees. This digital onboarding process eliminates the need for physical branch visits or extensive paperwork.
Executive Statements on the Collaboration
“Our partnership with Telda reflects our commitment to broadening access to investment solutions while evolving how investors engage with financial products in an increasingly digital environment.”
Khalil El Bawab, CEO of Local & Regional Markets at Beltone Holding
“This partnership marks an important step toward delivering a more integrated financial experience for our users by bringing together everyday financial services and investment solutions within a single platform.”
Ahmed Sabbah, CEO of Telda
Strategic Growth in the Egyptian Market
This initiative aligns with Beltone Asset Management’s strategy to expand its distribution channels and improve digital investing access. By utilizing digital financial services, the company aims to reach broader segments of digitally engaged users. Ultimately, the partnership uses Telda’s infrastructure to strengthen Beltone’s overall market presence in Egypt.
