Fawry
Egypt's largest electronic payments network for bills, cards and shop payments
Based in Cairo, founded 2008
The numbers
2008Founded
Why it matters
Fawry brought electronic bill payment to Egyptians without bank accounts through a network of agents in local shops, and now serves around 30 million people. It listed on the Egyptian Exchange in 2019 and in 2020 became Egypt's first tech company to pass a $1 billion market capitalisation.
Founders
On Founding MENA
Why So Many of MENA’s Biggest Fintech Companies Came From Egypt
Egypt has produced an outsized share of the Middle East’s biggest fintech companies.
20 Oct 2026
Fawry: Ashraf Sabry
Founding MENA #30
Fundraises, exits and acquisitions. No euro summer here.
9 Aug 2026
Founding MENA #27
Summer fundraises in full swing!
20 Jul 2026
Founding MENA #6
More fundraises, an acquisition and A16Z's first GCC deal ...
16 Feb 2026
Fawry: Ashraf Sabry
