Axis founders (from left to right): Jacques Marco, Nada Abdelnour and Ahmed Ragab<\/p>\n<\/div>\n

Axis has now beta launched its platform to over 100 small businesses (in various industries such as food and beverages, retail, tourism, construction and healthcare) and the 5,000 employees it onboarded while in stealth. Marco said <\/span>Axis is projecting to close the year with 5,000 small businesses and 80,000-100,000 employees as the \u201cwell-capitalized\u201d fintech continues to iterate and improve its offerings, including a lending product that taps into a $15 billion SME financing gap in Egypt.\u00a0<\/span><\/p>\n

\u201cWe want to position ourselves in a way that makes our solution a lot more sticky and costly to switch from. If you\u2019re doing payroll with us, running B2B payments, we also want you to take working capital from our platform,\u201d Marco said about the lending product Axis intends to launch by year\u2019s end. <\/span>\u201cAll this we\u2019re doing closely with the regulator to follow the country\u2019s national strategy of digitization, reducing cash, empowering small businesses and growing the economy.\u201d<\/span><\/p>\n<\/p><\/div>\n

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