{"id":14862,"date":"2025-10-30T16:10:23","date_gmt":"2025-10-30T16:10:23","guid":{"rendered":"https:\/\/thndr.horizondm.com\/blogpost\/?p=14862"},"modified":"2025-11-03T18:33:36","modified_gmt":"2025-11-03T18:33:36","slug":"tawasoa","status":"publish","type":"post","link":"https:\/\/thndr.horizondm.com\/blogpost\/tawasoa\/","title":{"rendered":"Tawasoa Factoring [TWSA]: Helping SMEs unlock their potential"},"content":{"rendered":"

Tawasoa Factoring [TWSA]: Helping SMEs unlock their potential<\/span><\/h1>\n

This is all you need to know about TWSA\u2019s IPO.<\/span><\/p>\n

Amr Hussein Elalfy<\/b><\/p>\n

30 October 2025<\/span>
\n<\/span><\/p>\n

 <\/p>\n

The Story<\/span><\/h1>\n

A nascent industry with room for exponential growth<\/span><\/h2>\n

Factoring in Egypt is a relatively nascent industry. It began only 18 years ago when <\/span>Egypt Factors, <\/b>initially backed by <\/span>Commercial International Bank [COMI]<\/b>, became the first licensed factoring company in the country and remained so for the following 4.5 years. Today, there are 37 factoring companies licensed in Egypt with a total portfolio size of EGP43.7bn at the end of 30 June 2025, only 0.3% of Egypt\u2019s GDP. This compares to around 5% of GDP in emerging markets. This potentially implies that Egypt\u2019s factoring industry has room to grow 15x its current size.<\/span><\/p>\n

TWSA helps SMEs manage their working capital needs \u2026<\/span><\/h2>\n

In July 2020, <\/span>Tawasoa Factoring [TWSA]<\/b> acquired its license, led by a group of entrepreneurs whose goal was to create Egypt\u2019s first non-banking financial institution fully dedicated to factoring. Capitalizing on the expertise and diverse professional backgrounds of its founders, TWSA\u2019s aim is to bridge the gap in the Egyptian market, helping small- and medium-sized businesses unlock the power of their receivables. TWSA offers premium, fast, and tailor-made factoring solutions, thus supporting its clients in managing their working capital needs to ensure continued growth, enhance cash flows, and drive expansion.<\/span><\/p>\n

\u2026 with portfolio size set to double by 2026 \u2026<\/span><\/h2>\n

With a portfolio size of EGP111mn at the end of 30 June 2025, TWSA\u2019s market share stood at only 0.3% of the factoring industry in Egypt. The company\u2019s plan is to more than double its portfolio to EGP260mn by the end of 2026.<\/span><\/p>\n

\u2026 hence, the need to grow its capital<\/span><\/h2>\n

TWSA\u2019s paid-in capital has been on the rise since its establishment. It grew 5 fold from EGP15mn at the end of 2021 to EGP75mn currently. To further drive its next chapter of growth, TWSA has made the strategic decision to list on the SME Exchange <\/span>(previously known as Nilex). It plans to later call for an EGP40mn capital increase to grow its equity capital 1.5x to EGP115mn within the next couple of months.<\/span><\/p>\n

The IPO<\/span><\/h1>\n