valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it has successfully signed a partnership with Heliopolis Sporting Club to offer convenient and affordable financing and payment solutions on new memberships forHeliopolis Sporting Club El Shorouk City branchas well as club services.The partnership will see valU become Heliopolis Sporting Club’s BNPL platform of choice to support it in providing seamless financing solutions. This strategic partnership is testament to valU’s commitment to delivering on its vision of becoming a holistic financing powerhouse with progressive and convenient solutions to every aspect of people’s daily lives.
Additionally, the partnership will also see valU place a “Sha2labaz” booth inside Heliopolis Sporting Club as an additional benefit to the overall service offering being provided. “Sha2labaz” is a one-of-a-kind financing program that was introduced in early 2022, which allows customers to receive cash reimbursements against any purchase they make,which they pay back on installments after selecting one of valU’s payment tenors. The amount reimbursed varies subject to the customer’s valU limit, and the program allows valU to expand its service offering to a wider audience, further highlighting the Firm’s efforts to provide instant access to finance.
“At valU, we’re constantly looking for new ways to enable and upscale the lifestyles of our customers. Sports play an integral, positive role in people’s lives, and sports clubs are an important platform that build sought-after social networks by families and communities. This successful partnership with Heliopolis Sporting Club will allow us to support the people we serve in seeking out avenues that enhance and better their day-to-day life,” said valU’s Head of Product Development, Ahmed Seoudy,“We have always prided ourselves on delivering innovative channels of financing that enrich the lives of our customers across various avenues, from education, to retail, travel, hospitality, real estate, and entertainment, to achieve our goal of improving people’s overall quality of living.”
Also commenting on the partnership is Heliopolis Sporting Club’s Chairman, Amr El Sonbaty. “I am especially excited about this strategic partnership with valU, which will increase the club’s cash flows, support investments in services and amenities, and deliver a better experience to current and new members.”
valU’s partnership with Heliopolis Sporting Club marks the company’s second partnership with a leading sports club in Egypt and has also allowed valU to maintain its series of strategic plays that have seen valU increasingly become theBNPL platform of choice that caters to a myriad of customer segments. Most recently, valU acquired Paynas, an innovative employee management platform, through which it servesa diverse range of employeesand small enterprises.
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