34ML and Valify Solutions announced the launch of KNFRM, the first digital contracts platform in Egypt based on blockchain technology. The platform aims to enhance digital transformation in the field of electronic contracting by providing secure solutions that comply with legislative regulations.
KNFRM is a significant step towards digitizing the contracting process in Egypt, allowing companies to manage their contracts securely and seamlessly. By relying on blockchain technology, KNFRM reduces risks and ensures the highest levels of security and compliance with all laws. This includes Law No. 5 of 2022 regarding the regulation, development, and use of financial technology in non-banking financial activities. The platform mainly serves large financial institutions and small and medium-sized enterprises across Egypt.
The platform is a new addition to the suite of services offered by Valify, which includes digital contracts and electronic records. These services help clients carry out electronic contracting, storage, and retrieval through digital records with efficiency and complete security. They also contribute to reducing administrative burdens and costs associated with paper usage and significantly enhance operational efficiency.
KNFRM also reflects 34ML’s commitment to building secure, scalable digital products. Working closely with Valify, 34ML co-shaped the platform’s vision and led the end-to-end product and technology execution—from architecture to user experience to long-term scalability.
Commenting on this partnership Omar Abdel Wahed, CEO of Valify, said that KNFRM is the first of its kind in Egypt, aimed at providing innovative solutions for managing digital contracts using advanced blockchain technology, offering companies a secure and efficient environment for completing digital contractual transactions while ensuring full compliance with all applicable laws. He added that the platform plays an active role in achieving digital transformation in Egypt by improving operational efficiency and reducing the risks associated with paper-based transactions, thereby supporting the national economy and opening new horizons for expansion and growth in various sectors.
He also stated that KNFRM was the result of a close collaboration between Valify and 34ML, combining Valify’s technology and fintech expertise with 34ML’s strength in building secure and reliable digital platforms. Together, we delivered a solution that brings security, speed, and compliance to digital transactions across Egypt’s financial and commercial sectors.
Ashraf Mourad, co-founder of 34ML, also reflected on the partnership, saying “From day one, we have been working closely with Valify on KNFRM, driven by a clear vision and a bold ambition. Today, the platform has become Egypt’s first blockchain product for digital contracts, it’s a true moment of pride for us. Milestones like this remind us why we love what we do: building real solutions that help businesses grow and overcome real challenges.”
About Valify Solutions
Valify Solutions was founded in 2019 with entirely Egyptian capital and team. It has achieved rapid success in the fintech field by offering innovative solutions. The company is known for delivering integrated services that include digital contracts, electronic records, and eKYC (Electronic Know Your Customer) solutions, in addition to integrating its services into the systems of major banks and corporations. Valify is committed to promoting technological independence and providing digital solutions that support the national economy.
About 34ML
34ML is a leading software house specializing in end-to-end native product design and development, from concept to full-scale launch.Since 2016, the team has delivered 100+ projects in fintech, e-commerce, and more. Known for its commitment to quality, the company is trusted by industry leaders like Premium Card, Samsung, and AstraZeneca. Most importantly, 34ML believes in building lasting relationships with its customers and in doing more than just coding.
