In a landmark step towards advancing Egypt’s digital transformation, Valify Solutions and 34ML announced the official launch of KNFRM, the country’s first blockchain-powered digital contracts platform. The platform is designed to provide secure, compliant, and scalable solutions that streamline electronic contracting for businesses of all sizes.
A New Era for Digital Contracting in Egypt
KNFRM introduces a transformative approach to contract management by leveraging blockchain technology to reduce risks, enhance security, and ensure compliance with all applicable laws, including Law No. 5 of 2022 regulating financial technology in non-banking financial activities. The platform is tailored to serve both large financial institutions and SMEs, helping them manage contracts seamlessly and securely while cutting down costs associated with traditional paper-based transactions.
Expanding Valify’s Fintech Ecosystem
KNFRM adds to Valify’s growing suite of services, which already includes digital contracts, electronic records, and eKYC (Electronic Know Your Customer) solutions. By offering integrated services for contracting, storage, and retrieval, Valify enables clients to achieve higher operational efficiency while reducing administrative burdens and reliance on paper.
Strategic Collaboration with 34ML
The development of KNFRM reflects 34ML’s expertise in building secure and scalable digital platforms. Working hand-in-hand with Valify, 34ML shaped the platform’s vision and led its end-to-end product execution—from architecture and user experience to long-term scalability.
Commenting on the launch, Omar Abdel Wahed, CEO of Valify, said:
“KNFRM is Egypt’s first platform of its kind, enabling businesses to manage digital contracts in a secure and compliant environment. This milestone enhances operational efficiency, reduces risks of paper-based processes, and contributes directly to Egypt’s digital transformation and economic growth.”
Ashraf Mourad, Co-founder of 34ML, added:
“From day one, we shared a clear vision with Valify. Today, KNFRM stands as Egypt’s first blockchain product for digital contracts—an achievement that reflects our commitment to building real solutions that empower businesses to grow and overcome challenges.”
About Valify Solutions
Founded in 2019 with 100% Egyptian capital and expertise, Valify Solutions has rapidly grown as a fintech leader by providing innovative digital solutions. Its services include digital contracts, electronic records, and eKYC, integrated into systems of leading banks and corporations. Valify remains committed to strengthening technological independence and supporting Egypt’s national economy.
About 34ML
Established in 2016, 34ML is a leading software house specializing in end-to-end digital product design and development. The company has successfully delivered over 100 projects across fintech, e-commerce, and other sectors, working with global brands such as Samsung, AstraZeneca, and Premium Card. Known for its focus on quality and scalability, 34ML prioritizes building long-term partnerships with its clients.
