THE MIDDLE EAST’S

2. Fawry

Description: E-payment platform
Headquarters: Egypt
Date of Establishment: 2008
Founders: Ashraf Sabry, Raya Holdings Group

Fawry provides e-payments and digital finance solutions and serves 53.1 million customers, with a retail network reaching 372,400 POS terminals by the end of December 2024. The company processed 240 million mobile wallet transactions as of December 2024 worth $9.6 billion, marking a 155.7% growth compared to 2023. Its myfawry app was downloaded 17.3 million times as of December 2024. In February 2025, it launched Fawry Business. In October 2024, it launched Sehetak Fawry, a new medical insurance product. Fawry’s market cap was $559 million as of February 20, 2025.