43. Fawry
Sector: Financial services
Cofounder and CEO: Ashraf Sabry
Market Value: $433 million
Sales: $68 million
Profits: $17 million
Assets: $187 million
Fawry is a provider of e-payments and digital finance solutions. Its services include electronic bill payments, mobile top-ups and provisions, e-ticketing, and cable TV, among others. The company has ten subsidiaries in Egypt and the U.A.E. Through its network of 36 member banks, its mobile platform, and 356,000 agents, Fawry processes more than five million transactions per day, serving around 52.1 million users monthly as of March 2024. In 2023, it processed 1.6 billion transactions, an increase of 22.3% year-on-year.