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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Fawry For Banking Technology And Electronic Payment
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Annual Revenue
$5.51 B68.42as on Dec 31, 2024
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Net Profit
$1.61 B160.14as on Dec 31, 2024
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EBITDA
$1.99 B125.74as 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
Not available
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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.
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.
People of Fawry
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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.
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.
| 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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Capital is provided to foster private sector enterprise development.
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IFC is focused on private sector development in emerging markets.
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Locked | Locked | Locked |
Investor details for Fawry
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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.
Investment portfolio details for Fawry
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Part-time, remote CFO services are provided to businesses.
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Locked | Locked | 2019 | Locked | |
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Cloud-based ERP software is offered for managing business operations.
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Locked | Locked | 2014 | Locked | |
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IT service suite solutions and digital marketing services are provided.
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Locked | Locked | 2010 | Locked |
Complete acquisition details for Fawry
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- Domains and locations
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Financial Statements - Fawry
Detailed financials for Fawry
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Fawry Comparisons
Peer comparison for Fawry
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Digital wallet platform for individuals
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| Locked | Locked | Locked |
Mobile electricity card recharges are enabled via NFC mobile applications.
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| Locked | Locked | Locked |
Offers wallet-enabled money transfer and bill payment solutions for consumers.
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| Locked | Locked | Locked |
Upcoming billing service offering email updates for users.
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Detailed competitors of Fawry
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Latest news on Fawry
Complete news archive for Fawry
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Frequently Asked Questions about Fawry
Fawry was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Fawry is headquartered in Cairo, Egypt.
Ashraf Sabry is the current CEO of Fawry. They have also founded this company.
Fawry is a funded company, having raised a total of $46M across 4 funding rounds to date.
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.
Fawry offers myfawry Super App, FawryPlus, and yellowcard.
Yes, Fawry is publicly traded on EGX under the ticker symbol FWRY.
Fawry has made 3 acquisitions, including CodeZone, Dirac Systems, and VCFO Consulting.
Fawry has 4 investors. Key investors include International Finance Corporation, Helios Investment Partners, ADQ, and EAEF.
The ticker symbol of Fawry is FWRY on EGX.