Tawasoa
Tawasoa delivers tailored solutions to grow your business, with fast, accurate service in just 5 days.
About Us
Tawasoa Factoring was established and commenced its operations in 2020 to be the first non-banking financial institution solely focusing and specialized in factoring in Egypt.
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Vision & Mission
To be the leading factoring institution in Africa, recognized for our integrity, customer-centric approach.
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Core Values
Integrity
We are dedicated to honesty and transparency, fostering trust in every relationship and interaction.
Innovation
We pursue forward-thinking ideas and cutting-edge technologies, ensuring we remain at the forefront of our industry.
Customer-Centric
Our customers are our priority; we actively listen, adapt, and strive to deliver outstanding experiences that exceed expectations.
Ownership
We hold ourselves accountable, committed to excellence and delivering impactful results in all we do.
Respect
We cultivate a culture of respect, valuing diverse perspectives and promoting an inclusive, supportive environment.
Our History
2017 Q1
Supply-Me Establishment
Supply-Me was founded as a B2B e-commerce platform specializing in F&B wholesale distribution, catering specifically to the HORECA sector
2017 Q3
Identifying Opportunity in Cash Cycle Conversion
We recognized a market gap in cash cycle conversion, where large distributors operated on a cash-only basis while buyers relied solely on credit. This insight led us to develop solutions bridging the gap between the two, optimizing cash flow for all stakeholders
2017 Q4
Pivoting Point
Leveraging the data acquired, we developed a trade finance model to better serve our clients while empowering our merchants with the financial support needed for sustainable growth
2018 Q2
Growth
By mid-2019, Supply-Me had experienced significant growth, establishing itself as a major player in the HORECA supply chain
2018 Q4
NBFI Regulation Changes
As we continued to grow, significant regulatory changes in the non-banking financial sector prompted us to explore licensing and establishment opportunities within the Financial Regulatory Authority (FRA)
2019 Q4
Tawasoa Holding Inception
Following extensive research and discussions with the Financial Regulatory Authority (FRA), we established Tawasoa for Financial Investments as a holding vehicle dedicated to investments in the financial sector.
2020 Q3
Tawasoa Factoring Inception
In July 2020, Tawasoa Holding successfully acquired Factoring License #16 from the Financial Regulatory Authority (FRA), marking a significant milestone. Operations commenced immediately, setting the foundation for the company's rapid growth
2021 Q4
Acquiring Banking Facilities
Tawasoa Factoring successfully secured banking facilities within just 1.5 years of commencing operations, providing a significant boost to the company's growth
2023 Q4
Capital Increase
To support further growth and capitalize on the company's potential, shareholders injected additional capital, raising the paid-in capital (PIC) to 33 million EGP
2024 Q2
Further Capital Increase
By mid-2024, driven by the company's strong performance and growing investor confidence, shareholders decided to further invest in the company, increasing its paid-in capital (PIC) to 75 million EGP
2024 Q4
Listing
Tawasoa Factoring decided to go public on the Egyptian Exchange (EGX) and officially announced its listing by December 2024
Board of Directors
Mohamed Hazem Zaghloul
Chairman
• Managing Director at Tawasoa for Financial Investments.
• Chairman of the Board at Tawasoa for Factoring.
• Board Member at Concrete Fashion Group, a company listed on EGX (Egyptian Exchange).
• Board Member & CEO at Afak for Tourism Investment, the owning company of the Radisson Blu Hotel project in Cairo.
Samer Daoud
Managing Director
• Managing Director at Tawasoa for Factoring.
• Former Director of Financial Reporting and Budgeting at Talaat Moustafa Group.
• Former Director of Investment and Business Development at Misr Italia Group.
Ola El Kady
Board Member
• Human Resources Consultant at C Wear System.
• Human Resources Consultant at Sector for Petroleum Services.
• Human Resources Consultant at Fiber Misr and Sary Misr.
• Human Resources Consultant at Gioshy Motors Group.
Eslam Khedr
Board Member
• Board Member at Beltone for Venture Capital Management.
• Board Member at PricewaterhouseCoopers for Financial Consulting.
• Former Board Member at the Arab Egyptian Real Estate Bank.
• Board Member at Ark for Financial Consulting.
• Financial Controller at Carbo Holding Group.
Mohamed Hammad
Board Member
• Managing Director at Nawy
• Managing Director at Propertyfinder Group
• Co-founder & Country Manager at DARE’n’DEAL
Ahmed Roshdy
Board Member
• Managing Director at Tahseel for Field Investigations.
• Head of Collections Department at Qatar National Bank Al Ahli (QNB).
• Head of Collections Department at National Bank of Dubai (NBD).
• Debt Collection Officer at National Société Générale Bank (NSGB).
Basma Samra
Board Member
• Chairman of the Audit Committee for the Microfinance Project at the Alexandria Businessmen Association.
• Managing Director at Excellence Office.
• Partner at PricewaterhouseCoopers and began her professional career in 1984.
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