THE MIDDLE EAST’S
2. Fawry
Description: Financial services platform
Headquarters: Egypt
Date of Establishment: 2008
Founders: Ashraf Sabry, Raya Holdings Group
Fawry provides e-payments and digital financial services to 55.4 million users monthly, through a retail network of 378,600 POS terminals, myFawry, and Banking Channels as of June 2026. In 2025, it processed 393 million mobile wallet transactions worth $17.5 billion, up 71.8% year on year, while its net profit rose 77.3% to $65 million. In April 2026, it received approval from the Financial Regulatory Authority (FRA) to establish Fawry for Microinsurance and Third-Party Administrator license to launch Fawry Healthcare. EGX-listed Fawry’s market cap hit $1.2 billion as of October 5, 2026.