About Fawry
Fawry is a company based in Cairo (Egypt) founded in 2008 by Ashraf Sabry was acquired by Helios in November 2015. It operates as a FinTech, and Pay-per-Use / Usage-Based. Fawry has raised $46 million across 4 funding rounds from investors including International Finance Corporation, Helios Investment Partners and ADQ. Fawry has completed 3 acquisitions, including CodeZone, Dirac Systems and VCFO Consulting. Fawry offers products and services including myfawry Super App, FawryPlus, and yellowcard. Fawry operates in a competitive market with competitors including Khazna, Sahl, myFawry and Billing Wave, among others.
- Headquarter Cairo, Egypt
- Founders Ashraf Sabry
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fawry For Banking Technology And Electronic Payment
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Annual Revenue
$0 (USD)68.42as on Dec 31, 2024
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Net Profit
$0 (USD)160.14as on Dec 31, 2024
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EBITDA
$0 (USD)125.74as on Dec 31, 2024
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Total Equity Funding
$46 M (USD)
in 4 rounds
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Latest Funding Round
$68.6 M (USD), Post-IPO
Apr 12, 2022
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Investors
International Finance Corporation
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
CodeZone
& 2 more
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Acquired by
Helios
(Nov 11, 2015)
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IPO & Listings of Fawry
Fawry is a publicly listed company on the EGX with ticker symbol FWRY in Egypt, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Fawry
Fawry offers a comprehensive portfolio of products and services, including myfawry Super App, FawryPlus, and yellowcard. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital payment solutions are provided through a mobile app.
Financial services are offered for various consumer needs.
Digital finance tools are provided for consumer use.
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Funding Insights of Fawry
Fawry has successfully raised a total of $46M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $68.6 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $68.6M
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First Round
First Round
(04 Feb 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Post-IPO - Fawry | Valuation |
investors |
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| Nov, 2017 | Amount | Series B - Fawry | Valuation |
investors |
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| Jul, 2015 | Amount | Series B - Fawry | Valuation | EAEF |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fawry
Fawry has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, Helios Investment Partners and ADQ. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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ADQ is recognized as a leading sovereign investor focused on sustainable economic transformation in Abu Dhabi.
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Founded Year | Domain | Location | |
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Capital is provided to foster private sector enterprise development.
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fawry
Fawry has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CodeZone, Dirac Systems and VCFO Consulting. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Part-time, remote CFO services are provided to businesses.
|
2019 | ||||
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Cloud-based ERP software is offered for managing business operations.
|
2014 | ||||
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IT service suite solutions and digital marketing services are provided.
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fawry
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fawry Comparisons
Competitors of Fawry
Fawry operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Khazna, Sahl, myFawry and Billing Wave, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital wallet platform for individuals
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| domain | founded_year | HQ Location |
Mobile electricity card recharges are enabled via NFC mobile applications.
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| domain | founded_year | HQ Location |
Offers wallet-enabled money transfer and bill payment solutions for consumers.
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| domain | founded_year | HQ Location |
Upcoming billing service offering email updates for users.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fawry
Frequently Asked Questions about Fawry
When was Fawry founded?
Fawry was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Fawry located?
Fawry is headquartered in Cairo, Egypt.
Who is the current CEO of Fawry?
Ashraf Sabry is the current CEO of Fawry. They have also founded this company.
Is Fawry a funded company?
Fawry is a funded company, having raised a total of $46M across 4 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Feb 04, 2013.
What does Fawry do?
Fawry is established as a prominent player in the e-payments and digital finance sector in Egypt. Various solutions are offered, including digital payment platforms, bill payments, and financial services through applications like myfawry Super App and FawryPlus. Support is provided to both consumers and businesses, ranging from SMEs to large enterprises and financial institutions. Consumer-focused products such as investment, savings, insurance, and consumer finance are included in the portfolio. The company is also engaged in fostering innovation, as seen in initiatives like the AI Rising Gen competition for young innovators.
What products or services does Fawry offer?
Fawry offers myfawry Super App, FawryPlus, and yellowcard.
Is Fawry publicly traded?
Yes, Fawry is publicly traded on EGX under the ticker symbol FWRY.
How many acquisitions has Fawry made?
Fawry has made 3 acquisitions, including CodeZone, Dirac Systems, and VCFO Consulting.
Who are Fawry's investors?
Fawry has 4 investors. Key investors include International Finance Corporation, Helios Investment Partners, ADQ, and EAEF.
What is Fawry's ticker symbol?
The ticker symbol of Fawry is FWRY on EGX.
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