Cairo, Egypt – September 23, 2026: mylo, the fintech arm of B.TECH Group, has signed a partnership agreement with AXA Egypt, a leading insurance provider in the Egyptian market, to introduce a group credit life insurance program for mylo customers.
The new program provides eligible customers and their families with additional financial protection against unexpected circumstances, at no additional cost and without increasing their financing installments.
Protecting Customers and Their Families
Under the partnership, AXA Egypt will provide insurance coverage that settles the customer’s outstanding financing balance in the event of death from any cause or permanent total disability, subject to the agreed terms and coverage limits.
As a result, the program helps protect customers’ families from the financial burden of remaining financing obligations during difficult and unexpected circumstances.
The insurance coverage comes at no additional cost to eligible customers. It also does not increase their financing installments, allowing customers to benefit from additional financial protection as part of their existing financing experience.
The program covers both existing and new eligible customers under the included products, subject to the agreed terms and coverage limits. Customers will also not be required to undergo a medical examination or provide a health declaration, provided that the coverage falls within the agreed limits.
Expanding Access to Insurance Protection
The partnership reflects mylo’s broader commitment to developing a more responsible financing model that goes beyond providing access to financing solutions.
By combining financing with insurance protection, mylo aims to create a safer and more integrated financing experience while supporting the financial stability of customers and their families.
For AXA Egypt, the partnership strengthens its presence in the fintech sector and supports the expansion of insurance solutions across new markets and customer segments. It also reflects the company’s efforts to make insurance protection more accessible and relevant to customers’ everyday financial needs.
The agreement was officially signed in the presence of Mohamed Khattab, CEO of mylo, and Minoush Abdelmeguid, CEO of AXA in Egypt, alongside senior representatives from both companies.
The partnership also complies with the requirements of the Financial Regulatory Authority (FRA), reflecting the companies’ commitment to the regulatory standards governing consumer finance and group insurance activities in Egypt.
mylo: Financing with Added Protection
Commenting on the partnership, Mohamed Khattab, CEO of mylo, said:
“At mylo, we view financing as a responsibility that goes beyond providing access to installment and financing solutions. It also means building an experience that puts the needs of customers and their families first. Through our collaboration with AXA Egypt, we are providing additional protection that helps our customers and their families manage the financial impact of unforeseen circumstances, without adding any fees or increasing their installments.”
He added:
“This partnership represents another step in our ongoing efforts to build a safer and more responsible financing experience by bringing together convenient access to finance and financial protection in a way that creates meaningful, long-term value for our customers.”
Minoush Abdelmeguid, CEO of AXA in Egypt, said:
“Our partnership with mylo represents a step toward making insurance more connected to customers’ lives and needs, by providing protection at the time and in the context where it is needed. We believe that the future of insurance depends on its ability to keep pace with customers’ evolving needs and develop more accessible and flexible models that make protection more convenient and relevant to their daily lives.”
She added:
“This partnership also reflects the role that private-sector companies can play in accelerating this development by collaborating to create new ways of reaching customers and providing protection through services they already use.”
Through the partnership, mylo continues to strengthen its responsible financing model by providing solutions that combine access to finance with financial protection for customers and their families.
mylo offers flexible financing and installment solutions through a range of products and services. The company continues to develop its offering as part of its strategy to provide a seamless and convenient digital financing experience that responds to customers’ evolving needs.
