Beltone Asset Management partnered with fintech Telda to offer mutual funds through the Telda mobile app, the companies announced Monday. The partnership allows users to open investment accounts using only a national ID and access Beltone products including the Meya Meya fund, Sabayek gold investment fund, B-Secure liquidity fund, and Wafra EGX 33 Shariah-compliant equity fund. The collaboration reflects Egypt's shift toward digital investment distribution after the Financial Regulatory Authority approved fintech use across brokerage operations in 2025, contributing to a 215% year-on-year surge in investor accounts registered on the Egyptian Exchange in the first quarter of 2026.
Beltone Integrates Mutual Funds Into Telda Mobile Platform
Under the partnership, users open investment accounts within minutes using only a national ID, without paperwork or branch visits. Investments carry no subscription or commission fees except for precious metals funds. Redeemed proceeds transfer directly to users' Telda cards.
"Our partnership with Telda reflects our commitment to broadening access to investment solutions while evolving how investors engage with financial products in an increasingly digital environment. Through this collaboration, we are extending trusted investment products to a broader segment of users through a seamless and accessible experience," Khalil El Bawab, CEO of Local and Regional Markets at Beltone Holding, said in a statement Monday.
Established in 2004 in Egypt, Beltone operates across the Middle East and North Africa. The company manages investments across more than 20 markets in the region, offering investment solutions to institutional and individual clients.
Egypt's FRA Approved Fintech Brokerage Operations in 2025
In 2025, Egypt's Financial Regulatory Authority approved the use of fintech across brokerage operations at firms including Telda, Beltone and Thndr, allowing investors to open accounts and access investment services entirely online.
The number of investor accounts registered on the Egyptian Exchange surged 215% year-on-year in the first quarter of 2026, according to FRA data.
Investment Fund Market Reached EGP 410.6 Billion in First Quarter of 2026
Net asset value across all investment funds rose to EGP 410.6 billion ($8.148 billion) by the end of the first quarter of 2026, according to FRA data. Over the same period, the number of funds increased to 187, while fund certificates held by investors more than doubled.
"This partnership marks an important step toward delivering a more integrated financial experience for our users by bringing together everyday financial services and investment solutions within a single platform," said Ahmed Sabbah, CEO of Telda.
Founded in 2021 and publicly launched in 2022, Telda is licenced by the Central Bank of Egypt and the FRA. The company allows users to send and receive money, pay bills, track spending, and invest in stocks listed on the Egyptian Exchange through a mobile-first platform.
Fintech Platforms Partnered With Asset Managers Since 2022
In 2023, valU partnered with Azimut Egypt to launch the AZ valU investment fund. Payments company Fawry teamed up with Misr Capital in 2022 to launch the Fawry Yawmy money market fund. Digital wealth platform Menthum partnered with Beltone Asset Management in April 2025 to expand access to fixed-income investment products.
FAQ
What products can users access through the Beltone-Telda partnership?
Users can access Beltone products including the Meya Meya fund, Sabayek gold investment fund, B-Secure liquidity fund, and Wafra EGX 33, a Shariah-compliant equity fund.
What fees apply to investments made through Telda?
Investments carry no subscription or commission fees, except for precious metals funds. Redeemed proceeds transfer directly to users' Telda cards.
How did Egypt's investment fund market perform in the first quarter of 2026?
Net asset value across all investment funds rose to EGP 410.6 billion ($8.148 billion) by the end of the first quarter of 2026, according to FRA data. The number of funds increased to 187, while fund certificates held by investors more than doubled.
