Fawry Secures $1.6 Million to Accelerate Digital Payments Innovation Across Africa and the Middle East

Fawry for Banking Technology and Electronic Payments S.A.E., the leading Egyptian digital transformation and fintech platform, is thrilled to announce its latest funding milestone of 1,600,000. This significant investment underscores the market’s confidence in Fawry’s innovative approach to revolutionizing omni-channel payments across Africa and the Middle East. Over the past decade, Fawry has redefined payment ecosystems by offering more than 1,186 financial services to consumers and businesses through an expansive network of over 225,000 locations. Whether it’s paying bills online, via ATMs, mobile wallets, or retail points, Fawry delivers an unparalleled ease-of-use that caters to a diverse customer base, including more than 29.3 million users in Egypt alone. Processing over 3.06 million transactions daily and achieving a staggering record transaction volume of 81 billion EGP in less than 11 years, Fawry continues to set the benchmark in quality service and rapid market penetration. The newly raised funds will be strategically allocated to further develop the company’s cutting-edge digital payment infrastructure, drive product innovation, and expand its footprint in emerging markets. This capital injection is expected to accelerate the rollout of new services designed to meet evolving consumer demands and address the dynamic challenges of the fintech landscape. Fawry’s leadership remains committed to delivering excellence in every transaction, transforming traditional financial systems, and paving the way for a more inclusive, cashless future. As the company embarks on this exciting phase of growth, stakeholders can look forward to continued advancements that will solidify Fawry’s position as a trailblazer in digital payments and a reliable partner in the region’s economic progress.