Klivvr Secures FRA Approval to Launch BNPL Service, Expanding Access to Flexible Credit in Egypt

Cairo-based fintech startup Klivvr has received final approval from Egypt’s Financial Regulatory Authority (FRA) to introduce its Buy Now, Pay Later (BNPL) solution. This regulatory milestone marks a significant advancement for Klivvr as it seeks to expand access to consumer credit via its comprehensive financial app.

The newly approved BNPL service will enable users to divide their purchases into manageable installments—whether shopping online or at physical retail locations. Designed for simplicity and speed, the service is fully digital, seamlessly embedded within the Klivvr app, and promises instant, paperless transactions.

“At Klivvr, we believe financial inclusion begins with accessibility and control,” stated CEO Nils Bachtler. “Our BNPL product was designed with a human-first approach—prioritizing transparency, flexibility, and trust at every step.”

This development comes amid increasing demand for installment-based payment options in Egypt, driven by rising living expenses and consumer interest in more adaptable financing tools.

Klivvr’s offering aims to provide transparent, easily accessible credit. Users will benefit from instant credit decisions, personalized spending limits, and clear visibility into how borrowing affects their overall financial well-being.

“This marks a pivotal moment—not just for Klivvr, but for Egypt’s lending landscape at large,” Bachtler added.

Chief Technology Officer Omar Sherif emphasized that BNPL is core to the app’s design—not an added feature. “From real-time credit evaluations to a seamless user experience, we’ve built our platform to scale responsibly while keeping users in control,” he explained.

The BNPL feature will be introduced gradually through Klivvr’s partner merchant network, with full user access expected later in 2025.

With this strategic move, Klivvr is positioning itself as a key contender in Egypt’s digital lending ecosystem. “BNPL introduces a powerful new revenue stream for Klivvr while delivering exceptional value to users,” noted CFO Bassem Youssef. “This marks the beginning of a new chapter of responsible, data-led growth.”

Launched to help individuals manage spending, saving, and borrowing more effectively, Klivvr now adds flexible credit to its expanding toolkit—reinforcing its vision for the future of financial services in Egypt.