Amazon invests in EFG Hermes GDR’s, with a valuation of ValU reaching USD $235 million
valU Consumer Finance (valU), a fully-owned subsidiary of EFG Hermes Holding on Thursday entered into an agreement with Amazon for the Provision of Consumer Financing by valU as a Payment Method on amazon.eg (the Commercial Agreement). Pursuant to the terms of the Commercial Agreement, valU will make some of its consumer financing products available to eligible customers on amazon.eg, providing these customers the option to split the total cost of purchases into multiple payments by using valU. In connection with the entry into the Commercial Agreement, EFG Hermes and Amazon entered into an Option Agreement (the Transaction Agreement) whereby Amazon … Continue reading Amazon invests in EFG Hermes GDR’s, with a valuation of ValU reaching USD $235 million