Few companies have been as important to the digitisation of everyday financial transactions in Egypt as Fawry.
Founded in 2008 by technology entrepreneur Ashraf Sabry, Fawry began with a straightforward problem: Egyptians needed a faster and more convenient way to pay bills and complete routine financial transactions. What emerged from that idea has developed into one of the largest fintech ecosystems in Africa and the Middle East.
Today, Fawry's infrastructure stretches across payments, merchant acceptance, consumer finance, microfinance, SME finance, digital wallets, agent banking and other financial services.
Its physical-digital distribution network remains one of its greatest competitive advantages. As of 2026, Fawry reported approximately 385,600 agents, processing more than six million transactions every day and serving an estimated 54.5 million users monthly. FawryPlus, its agent-banking operation, opened its 350th branch during 2026.
This scale makes Fawry more than another payments company. Its network has effectively become a financial-distribution layer across Egypt.
Sabry's leadership has been instrumental in that evolution. Before founding Fawry, he spent a decade with IBM Egypt and later led Raya Holding, experiences that combined technology, corporate management and financial-services exposure. His vision for Fawry has consistently centred on widening access to electronic financial services for both banked and unbanked consumers.
The company's financial performance demonstrates that scale can translate into substantial profitability. Fawry reported consolidated net profit of approximately EGP 1.73 billion for the first half of 2026, compared with around EGP 1.34 billion during the comparable period in 2025.
More importantly, Fawry continues to expand beyond its original payments business.
During 2025 and 2026, the group accelerated the development of financial services through SME and microenterprise financing, consumer finance, insurance-related activities and new business solutions. Its 2026 developments included securing a microinsurance licence, expanding SME financing and preparing healthcare-related financial infrastructure.
The strategy reflects a recurring theme among the region's most successful fintech businesses: payments establish the customer relationship, but additional financial products deepen and monetise it.
Fawry has another distinction. Unlike many high-profile Middle Eastern fintech companies that remain privately held, it is publicly listed on the Egyptian Exchange. That places the company under the scrutiny and disclosure requirements of public markets and provides investors with an unusually transparent view of a large-scale regional fintech business.
From electronic bill payment to a diversified digital-finance ecosystem serving tens of millions of Egyptians, Sabry has built Fawry into one of the defining fintech companies of the region.
Its influence now extends beyond what the company itself sells: Fawry helped demonstrate that technology-led financial inclusion in the Middle East and Africa could become both a mass-market service and a substantial commercial enterprise.