Investment portfolio

Fawry Logo

Year Invested

SEPTEMBER 2015

FAWRY

Founded in 2009, Fawry is Egypt’s first and largest electronic payments service network.

Fawry offers a variety of services with the goal of making everyday tasks easier and faster for people in Egypt. Key services offered include mobile top-up, bill payment and collection, e-wallets, B2B cash management, local remittances, and Super Fawry. The EAEF invested in Fawry its given commitment to promoting financial inclusion and improving Egyptians’ quality of life. To date, Fawry has 125,000 points of sale in 300 cities and suburbs.

OUR VALUE ADD

In 2015, the EAEF led a consortium of international investors, including first-time investors in Egypt, to finance the $100 million acquisition of Fawry. The investor consortium included Helios Investment Partners and the MENA Long-Term Value Fund. The EAEF, in partnership with its investment advisor, LCP, plays an active role on Fawry’s board and helped lead the company’s initial public offering (IPO) in August 2019.

29M

CUSTOMERS

3M

TRANSACTIONS/DAY

565

DIFFERENT BILLING SERVICES

Dollar Sign

81B EGP

COLLECTED BY FAWRY POS IN 2020

Shop owner using Fawry POS system. Photo credit: Oliver Weiken, IFCShop owner using Fawry POS system. Photo credit: Oliver Weiken, IFC