Fawry

Based in Giza, Egypt, Fawry provides electronic payments and digital finance solutions, operating a multi-sided platform that connects consumers, merchants, enterprises, and financial institutions. The fintech company generates its revenue through transaction fees from bill payments, mobile wallets, microfinance, insurance brokerage, and banking agent services across an extensive retail network. Operating at a significant scale within the regional market, the platform currently serves 53.1 million customers through 395,700 point-of-sale terminals as of March 2025. Fawry achieved unicorn status with a valuation exceeding $1 billion before completing its initial public offering on the Egyptian Exchange in August 2019. The organization's early development and expansion were backed by prominent institutional investors, including Raya Holding, Arab African International Bank, HSBC, Alexbank, and the International Finance Corporation. Fawry was originally founded in 2008 by financial technology entrepreneur Ashraf Sabry.