Wallets/fawry
Fawry
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Overview
Fawry is Egypt's #1 payment platform + $1B+ fintech, EGX-listed (FWRY), founded 2008 [1, 2, eg-cro]. Egypt's first fintech unicorn + a network of 36 member banks + 377,000+ agents + 6M+ daily transactions + 54.8 million monthly users.
2025 record financial performance [3, 4]:
- Revenue: EGP 8.65 billion (+57% YoY) — record FY2025 growth
- EBITDA: EGP 4.97 billion (+80.8%) — distinctive operational leverage
- Net profit: EGP 2.89 billion (+79.8%)
- EBITDA margin: 57.4% (highest in history)
- Net profit margin: 33.4%
- Market cap: EGP 64.96 billion (~$1.25 billion USD)
Revenue diversification (2025):
- Banking Services: EGP 3.51B (+52%) — 40.6% of total
- Financial Services: EGP 2.38B (+135% — fastest growth) — 27.5%
- Alternative Digital Payments (ADP): EGP 2.01B (+17.6%)
- Supply Chain Solutions + Technology: +42.9% + +93.1% respectively
History
2008 — Fawry founded [2] by Ashraf Sabry + team as Egypt payment-aggregator pioneer.
2010s — Mass Egyptian agent-network expansion [1]: 377K+ agents nationwide.
August 2019 — Fawry IPO on EGX [2]: One of largest Egyptian tech IPOs.
2020 — Egypt's first fintech unicorn: market cap crossed $1B post-IPO.
FY2025 — Record results: EGP 8.65B revenue (+57%); EBITDA 4.97B (+80.8%); net profit 2.89B (+79.8%); EBITDA margin 57.4% (highest in history) [3].
Ownership & operator
Operating entity: Fawry for Banking Technology and Electronic Payments S.A.E. (EGX: FWRY).
Founder + CEO: Ashraf Sabry.
Major investors: EFG-EV Fintech + Helios Investment Partners + Egyptian American Enterprise Fund + Ahly Capital + EGX public float.
Regulators: CBE (Central Bank of Egypt) + Egyptian Financial Regulatory Authority.
Technical integration
| Layer | Description |
|---|---|
| Channels | 377,000+ Fawry agents nationwide + Fawry mobile app (iOS + Android) + Fawry merchant POS + API |
| Identifiers | Phone + card number |
| EG rail | [[meeza]] (Egypt national debit + POS-mandatory) |
| Member banks | 36+ Egyptian banks integrated |
| Sub-businesses | Banking Services + Financial Services + Alternative Digital Payments + Supply Chain Solutions + Technology |
| Monthly users | 54.8M (over half of Egypt's banked + unbanked population) |
| Daily transactions | 6M+ |
| License | CBE-licensed Payment Service Provider + acquirer + Financial Regulatory Authority |
Users & growth
- Monthly users: 54.8 million
- Daily transactions: 6 million+ (~180M monthly)
- Agents: 377,000+
- Member banks: 36
- Revenue FY2025: EGP 8.65B (+57% YoY)
- EBITDA FY2025: EGP 4.97B (+80.8%)
- Net profit FY2025: EGP 2.89B (+79.8%; 33.4% margin)
- Market cap: EGP 64.96B (~$1.25B USD)
- Egypt's first fintech unicorn
Use cases
Egyptian retail bill payments + utilities + telco top-ups + government services via 377K+ Fawry agents; mobile app + merchant POS payments; Fawry Banking Services (40.6% of revenue); Fawry Financial Services (+135% growth in 2025 = fastest segment); Fawry Alternative Digital Payments; Fawry Supply Chain Solutions for SMEs; cross-border-payment infrastructure.
Implementations & partners
Operator: Fawry for Banking Technology and Electronic Payments S.A.E. (EGX: FWRY).
Founder + CEO: Ashraf Sabry.
Major investors: EFG-EV Fintech, Helios Investment Partners, Egyptian American Enterprise Fund, Ahly Capital + EGX public float.
Member banks: 36 Egyptian banks integrated.
Major Egyptian payment-platform competitors:
- Vodafone Cash (Vodafone Egypt mobile money)
- InstaPay (CBE-led instant payment app)
- Meeza (Egypt national card scheme; not direct rival but rail provider)
- PayTabs Egypt (PayTabs MENA expansion)
- Network International Egypt (Network International MENA reach)
Regulators: CBE + Egyptian Financial Regulatory Authority.
Fun facts
- Egypt's first fintech unicorn (post-Aug 2019 EGX IPO).
- 2008 founding by Ashraf Sabry + team.
- FY2025 record results: EGP 8.65B revenue (+57%); EBITDA 4.97B (+80.8%); net profit 2.89B (+79.8%; 33.4% margin); EBITDA margin 57.4% (highest in history).
- 54.8M monthly users + 377K agents + 36 member banks + 6M+ daily tx.
- Market cap EGP 64.96B (~$1.25B USD).
- Financial Services segment +135% growth in 2025 — fastest segment.
- EGX-listed (FWRY) — distinctive listed-Egyptian-fintech transparency.
- Distinctive Egyptian-agent-network model vs neobank-app-only fintechs elsewhere.
Comparison
| Feature | Fawry | Vodafone Cash (EG mobile-money rival) | InstaPay (EG CBE-led instant) | [[network-international]] (MENA acquirer comparable) | [[paytabs]] (SA payment-orchestration comparable) |
|---|---|---|---|---|---|
| Operator | Fawry (EGX: FWRY; Ashraf Sabry founder; Helios + EFG-EV + Ahly Capital backed) | Vodafone Egypt | Central Bank of Egypt | Network International LLC (Brookfield-led consortium) | PayTabs Group (Abdulaziz Al Jouf 2014) |
| Type | Egypt #1 payment platform + agent network + multi-segment financial services | EG telco-led mobile money | EG national instant-payments | MENA + Africa enterprise payment-processor | MENA payment-orchestration + AI-powered |
| Country | Egypt | Egypt | Egypt | UAE HQ + MENA + 50+ markets | SA + 9 MENA countries |
| Users | 54.8M monthly users + 377K agents + 6M+ daily tx + 36 member banks | Major EG | Mass EG | $400B+ combined TPV + 250+ FIs + 240K+ merchants | 1M+ clients + SAR 325B tx |
| Listing | EGX: FWRY (Aug 2019 IPO; Egypt's first fintech unicorn) | Vodafone Egypt parent | n/a (CBE-led) | Brookfield-controlled (private post-Sep 2024) | Private |
| FY2025 distinctive | Revenue EGP 8.65B (+57%); EBITDA 4.97B (+80.8%); 57.4% EBITDA margin (highest in history); Financial Services +135% growth | Telco-led; Vodafone parent | CBE national instant rail | $400B+ combined TPV post-Magnati merger 2025 | First Arab Top 100 Global Fintech (Oct 2024) |
Status
Active, Egypt's #1 payment platform + first fintech unicorn [3, 4]:
- Fawry (EGX: FWRY; Ashraf Sabry founder) since 2008.
- FY2025 record results: EGP 8.65B revenue (+57%); EBITDA 4.97B (+80.8%; 57.4% margin); net profit 2.89B (+79.8%; 33.4% margin).
- 54.8M monthly users + 377K agents + 36 member banks + 6M+ daily tx.
- Market cap EGP 64.96B (~$1.25B USD).
- CBE + Egyptian Financial Regulatory Authority regulated.
Sources
- 1 How Fawry built $1B fintech — TechCabal
- 2 Fawry — Wikipedia
- 3 Fawry record FY2025 — TechAfrica
- 4 Fawry 2Q25 earnings release
- eg-cro In-corpus:
reports/countries/EG-egypt.md
Source
Biography extracted from fawry.md. See matrix.md for standards-support matrix if present.