VLens Finalizes Over 42,000 Digital Contracts and Exceeds 200,000 Users in Q2 2025 Milestone
The company successfully validated the identities of more than 200,000 users in Q2 25 only using the latest security and smart verification technologies, reaffirming its ability to deliver a reliable and secure digital experience.
VLens' digital solutions also enabled the successful completion of nearly 42,000 electronic contracts, with identity verification conducted in accordance with the standards set by Egypt's Financial Regulatory Authority (FRA). This milestone demonstrates Egypt's readiness to embrace technological advancements and represents a major turning point and a foundational step in the future of Egypt's digital transformation.
In addition, VLens achieved a significant milestone in computer vision services, recording over one million processing requests in just three months. These services included Optical Character Recognition (OCR), Spoofing Detection (fraud prevention), Face Matching, and Liveness Detection. This accomplishment reflects the company's robust technical infrastructure and the efficiency of its systems in serving financial institutions.
Moreover, Contact Creditech, the digital arm of Contact Financial Holding's consumer finance business, has obtained a license from the FRA to conduct consumer finance operations using VLens' financial technology. Through Contact's 'Contact Now' mobile application, customers can complete contracts digitally without the need for traditional paper-based signatures.
In this context, Yehia Makram, Chief Commercial Officer of VLens, stated:
'We are proud to be a success partner for all our clients licensed to operate in Egypt's non-banking financial sector using the financial technology provided by VLens.'
VLens' technology is trusted by several leading companies operating across different sectors of the financial services ecosystem. In the insurance sector, the company works with Misr Insurance and Sarwa Insurance. In consumer finance, it collaborates with Mylo, Halan, Contact, ValU, and Olive. In the capital markets sector, VLens supports companies such as Beltone, Telda, MNT-Halan Holding, and Bokra Holding.
These organizations rely on VLens for digital financial technology services in line with Decision No. 140 of 2023, covering identity verification, electronic authentication, eKYC processes, digital contracting for non-banking financial products, as well as the secure registration, storage, and retrieval of digital records.
VLens reaffirms its commitment to continuously developing advanced digital identity and verification solutions to support various sectors in managing data with the highest standards of security and reliability, while strengthening its position as a trusted partner in building a seamless, secure, and truly digital futuer for Egypt .
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