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. The company was established by a group of entrepreneurs with very strong and diverse backgrounds. We provide premium, fast and tailor-made factoring solutions, that boost our client’s working capital to fuel their growth
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