Egypt’s First ‘Save Your Money Pay Later’ service collaborates with El Nada Hospital

Sympl, Egypt’s first ‘Save Your Money Pay Later’ service, has announced a partnership with El Nada Hospital, Egypt’s leading maternity hospital.

Through the Sympl checkout platform, the partnership provides patients with interest-free deferred payment plans.

The collaboration will provide El Nada Hospital patients with more payment options and improve their checkout experience by enabling better cashflow management. This partnership will enable El Nada Hospital to help patients who have limited access to pay later plans with an affordable, interest-free, and hassle-free solution, with no registration required and interest-free repayment plans approved on the spot in less than 10 seconds.

El Nada Hospital, Cairo’s largest birth center, is dedicated to the care of women and newborns, offering high-quality care to expectant mothers and their babies. With over 450 professors and consultants who have performed over 12,000 surgical operations and deliveries, the hospital provides a wide range of services.

Mohamed El-Feky, co-founder and CEO of Sympl, said: 

“Weare delighted topartnerwith El Nada Hospital to help provide theirpatientswith alternative payment optionsat the checkout and contribute to an improved cashflow managementthrough the Sympl platform.As our first partner in the healthcare industry, welookforward to working closely with El Nada Hospitaland making healthcare more accessible to Egyptians who may previously have had limitedaccess tocredit and repaymentplans.”

Sympl was founded by renowned Egyptian FinTech entrepreneurs Mohamed El-Feky and Yasmine Henna – who co-founded leading consumer finance company ValU – and Karim Tawfik, co-founder of Capiter, one of Egypt’s leading ecommerce platforms.

Dr. Omar Abdelaziz, Executive Chairman of El Nada Hospital, commented: 

“We are thrilled to be able to offer our patients an improved checkout experience through our partnership with Sympl as part of our mission to provide maternity support to as many women and their babies as possible. By offering an alternative payment method to our customers, we hope to be able to empower patients to make better healthcare decisions, and we are excited to be able to do this through our partnership with Sympl.” 

Sympl is Egypt’s first deferred payment service, allowing merchants to sell directly to bank cardholders on short-term, interest-free repayment plans. The platform is an evolution of the checkout experience, offering an alternative, hassle-free purchase process that promotes customer savings and a better match of income and expenditure without compromising lifestyle.

Sympl, which was launched in October 2021, is already accepted at over 240 retail and online stores in Egypt, and has formed partnerships with some of Egypt’s leading merchants and service providers. Sympl recently completed a $6 million seed funding round led by Beco Capital, with participation from A15 and Global Ventures.

Sympl intends to accelerate its growth by expanding its merchant network across multiple product and service categories, and it intends to cover a number of clinics, pharmacies, laboratories, and hospitals in order to expand its service offering to large customer segments in the healthcare sector.