BB.TECH operates in Egypt as an omnichannel retailer of home appliances and consumer electronics, selling local and international brands through more than 175 stores and an online platform. Customers can purchase in-store or online and use financing options such as MiniCash or partner fintech services to pay over time, while the business also maintains a B2B marketplace app called Deel to help SMEs with inventory, delivery, and marketing tools. The company combines a long-standing retail footprint with embedded consumer financing and a growing B2B offering, supported by investments from DPI and SEIC, to reach a wide audience. Its goal is to expand access to electronics and appliances in Egypt by leveraging omnichannel retail and financing to serve both individuals and small businesses and grow market share.
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Industries
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$288.9M
Headquarters
Cairo, Egypt
Founded
1997
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Total Funding
$288.9M
Above
Industry Average
Funded Over
6 Rounds
Commercial International Bank – Egypt (CIB) has completed an EGP 1.307bn securitisation issuance for B.TECH, serving as exclusive financial adviser, lead arranger, issuance manager, promoter and underwriter for the transaction. The single-tranche issuance carries a 12-month maturity and is the third under B.TECH's 14th securitisation programme, part of a two-year EGP 10bn approved programme. The Middle East Rating & Investors Service assigned the tranche a "P1" credit rating, citing the portfolio's strength and comprehensive guarantees. CIB participated in the subscription alongside investment funds managed by CI Asset Management and Arab African Investment Management. The transaction marks the continuation of a partnership that typically executes approximately three securitisation operations annually between the two parties.
B.tech's financial technology subsidiary Myla has completed a second securitisation bond issuance worth EGP 1.76 billion after obtaining regulatory approvals. The issuance includes 12-month maturity tranches, with EG Bank serving as bond custodian. The funding supports Myla's expansion strategy for digital financing solutions and follows its successful first issuance. CEO Mohamed Khattab said the achievement reflects institutional confidence in the company's business model and financing portfolio quality whilst supporting plans to expand its user base and merchant partnerships. Myla is among Egypt's first consumer finance companies to receive full digital registration approval and a fintech licence from the Financial Regulatory Authority. The company offers flexible instalment plans of up to 48 months across more than 5,000 brands in over 15 categories.
Commercial International Bank is the coordinator and issuance manager, with Eldib and its partners as legal advisors. Egyptian Gulf Bank is the custodian
Raghav Soni, BTech, electronics engineering was awarded the Director's Gold Medal for his contribution.
B.Tech, an Egyptian integrated omnichannel retailer, has partnered with e-marketplace Jumia to launch an online store on its platform.
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Industries
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$288.9M
Headquarters
Cairo, Egypt
Founded
1997
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs