Ultratech Plus: Transforming Digital Finance with Smart Social Fintech Solutions
Concrete Plus Expands into Fintech with a Bold Investment in Ultratech Plus
By ; Mohamed Elkholy
In a strategic move that reflects its commitment to investment diversification and digital transformation, Concrete Plus Group for Construction and Industry has announced its entry into the social fintech sector one of the most innovative and rapidly evolving industries.
The company is launching Ultratech Plus, a fintech startup specializing in digitally driven financial solutions, with an initial investment of EGP 100 million.
This marks a new business approach for Concrete Plus, leveraging technology to enhance financial accessibility and user experience across various sectors.
As the fintech landscape in Egypt continues to expand growing by over 300%, according to Central Bank of Egypt reports, Concrete Plus recognizes the vast potential in social fintech, which merges financial services with digital connectivity.
Ultratech Plus is built on the vision of creating inclusive, tech-driven financial solutions that simplify money management, enhance business efficiency, and empower individuals in their daily financial interactions.
Youssef Fekry, CEO and co-founder of Ultratech Plus, highlighted the company’s mission to redefine digital finance through technology-driven solutions, stating: "Our goal is to introduce innovative digital solutions that bridge the gap between financial services and social interaction.
We have mapped out a growth strategy that begins with Egypt and extends to regional and international markets. Our vision is to create a meaningful impact in this high-potential sector.”
In its initial phase, Ultratech Plus is set to introduce three core services tailored to market needs. The company is developing a social financial application designed for diverse user demographics, blending financial technology with social connectivity to enhance engagement and user experience.
Additionally, it will provide specialized digital solutions for small, medium, and micro-enterprises, offering tools that streamline financial operations and foster stronger relationships between businesses and their customers. Furthermore, Ultratech Plus will introduce cutting-edge financial solutions for the logistics and heavy transport sector, empowering companies with large vehicle fleets to efficiently track, manage, and optimize their operations.
Eng. Tarek Youssef, Chairman of Concrete Plus Group, affirmed that this investment reflects the company's long-term vision of supporting digital transformation and financial inclusion, stating: "Our investment in social fintech aligns with our strategy of diversifying into high-growth industries. We firmly believe in the potential of the Ultratech Plus team and are committed to providing the necessary resources for them to establish a strong presence in this evolving sector."
He added that Concrete Plus will invest EGP 100 million in the first phase, ensuring Ultratech Plus has the backing to develop innovative solutions and scale its operations. This move is part of a broader vision to support Egypt’s growing fintech ecosystem, reinforcing the nation’s Vision 2030 for digital transformation and economic sustainability.
With the launch of Ultratech Plus, Concrete Plus is positioning itself as a key player in the fintech space, aiming to transform how individuals and businesses engage with financial services. By integrating technology with social engagement, Ultratech Plus seeks to foster financial empowerment, operational efficiency, and digital inclusion; setting new standards in the fintech sector.
About Ultratech Plus
Founded in 2022, Ultratech Plus is dedicated to leveraging technology to simplify financial management, reduce reliance on cash, and offer seamless digital payment solutions. Driven by a team of ambitious innovators, the company is developing Clync, a pioneering social financial solution that integrates financial empowerment with social connectivity.
With a deep understanding of market needs and consumer behavior, Ultratech Plus leverages data-driven insights to develop innovative, user-friendly financial solutions. The company remains committed to shaping a more inclusive, accessible, and interconnected financial future.
