Khazna Capital, part of Khazna, a leading financial technology company dedicated to empowering underserved consumers across the Middle East, announced that it has completed the acquisition of Pharos Consumer Finance Company from Pharos Holding early this year and started deploying credit lines from financial institutions. This strategic transaction marks a significant milestone in Khazna’s long-term vision to expand its presence in the Egyptian consumer finance landscape, using its unique B2B2C partnership-led model that is backed by user salaries and pensions, thereby securing superior distribution, credit risk management and trust.

The acquisition grants Khazna a full FRA consumer finance license, marking a key regulatory milestone that strengthens its ability to expand responsible financial services to millions of Egyptians underserved by traditional banking.

Zaki Hashem, Attorneys at Law, one of Egypt’s most esteemed legal firms, served as the legal counsel for this transaction, providing legal advisory and support throughout the acquisition process.

Khazna is a leading consumer-centric financial technology company committed to delivering accessible and innovative financial solutions to underserved segments in the Middle East. Through digital platforms and customer-focused offerings, Khazna empowers individuals to meet their financial needs with dignity and ease.

Pharos Consumer Finance Company, formerly under Pharos Holding, is a licensed consumer finance institution in Egypt focused on providing regulated credit products. The company has a strong history of responsible lending and financial services tailored to meet the needs of diverse consumer groups.