Cairo, Egypt: mylo, the fintech arm of B.TECH Group, has partnered with AXA Egypt to provide eligible customers with group credit life insurance coverage at no additional cost.

Under the agreement, the insurance programme will cover the outstanding financing balance in cases of death from any cause or permanent total disability, subject to the applicable terms and coverage limits. The initiative is designed to help protect customers and their families from remaining financing obligations during unexpected circumstances.

The coverage will not increase customers’ financing instalments or add separate charges. It will be available to eligible new and existing customers across included products, subject to the agreed conditions. The programme also does not require a medical examination or health declaration within the specified coverage limits.

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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.”

The partnership combines mylo’s financing services with AXA Egypt’s insurance capabilities and is intended to strengthen financial protection for consumers in Egypt’s growing fintech sector.

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The agreement was signed by Mohamed Khattab, CEO of mylo, and Minoush Abdelmeguid, CEO of AXA in Egypt, alongside representatives from both organisations. The programme operates in line with Financial Regulatory Authority requirements governing consumer finance and group insurance activities in Egypt.