Introduction
Azimut Egypt has achieved a significant milestone by obtaining the first fintech license in Egypt's asset management industry and launching "azinvest," a pioneering fully digital investment platform. This innovative platform offers seamless access to Azimut’s diverse range of investment funds and portfolios.
A First-of-Its-Kind Digital Investment Platform
"azinvest" is a groundbreaking digital investment platform that provides investors with one-click access to Azimut’s funds across various asset classes, including money market, fixed income, equities, multi-currency investments, and gold. This platform is designed to streamline and simplify the investment process for both existing and potential clients.
Leveraging Regulatory Advancements
The platform leverages recent advancements in the Financial Regulatory Authority’s (FRA) framework, which governs the use of technology in the non-banking financial sector. This aligns with the ambitious financial inclusion plans set forth by the FRA and the Egyptian government.
Comprehensive Digital Onboarding and Management
"azinvest" offers a completely digital onboarding experience, incorporating e-KYC, e-identification, e-contracts, and e-registry, thus eliminating the need for physical presence or wet signatures. This allows users to manage their savings and investments conveniently through the app.
User-Friendly Features
The app enables users to browse Azimut’s funds, view details and prices, place buy and sell orders, and conduct transactions such as deposits and withdrawals using various payment methods. Clients can also manage their investment portfolios digitally, ensuring alignment with their evolving goals, needs, and preferences.
Empowering Investors
"azinvest" aims to democratize investments and promote financial inclusion by offering a user-friendly, compliant platform for investing in different asset classes through Azimut’s funds and portfolios. This initiative is supervised by the FRA to ensure transparency and compliance.
Collaborative Effort
The successful launch of "azinvest" is a result of the collaboration between Azimut Egypt and its technology partners, including Optimatica, Lumin, CyberSource, El-Delta Trust, and payment gateway partner Paytabs.
Leadership and Vision
“We are excited to be writing a new chapter in the history of Egypt’s non-banking financial industry,” said Ahmed Abou El-Saad, CFA, MBA, CEO of Azimut Egypt. “The launch of ‘azinvest’ with its fully digital onboarding experience is a groundbreaking development for the Egyptian investment asset management industry. We commend the FRA for its progressive approach in regulating the use of technology within the sector. ‘azinvest’ builds upon Azimut International Holding’s 18-year legacy of spreading financial knowledge and transferring its experience to new markets.”
