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Fawry for e-payments obtains EGP 160m loan from Egyptian-American Enterprise Fund
General assembly of Fawry for e-payments agreed to conclude EGP 160m loan between its subsidiary Fawry Microfinance and Egyptian-American Enterprise Fund
Fawry’s General Assembly considers approving EAEF loan to its microfinance arm
Company’s General Assembly also discusses initial financing offer from Banque Misr valued at EGP 150m
EFG Hermes concludes advisory role in $50m sale of Fawry shares
EFG Hermes acted as sole bookrunner of the Fawry shares transaction on behalf of the selling shareholders
Fawry raises capital by EGP 400m to finance expansions
The capital raise will take advantage of favourable markets conditions, whilst helping the company to accelerate its strategy in developing mobile services. The cash injection is also set to boost its acceptance of payments on all payment channels, and strengthen its integration of digital solutions.
Fawry reports leap in profits due to COVID-19 related measures
Fawry’s net profit amounted to EGP 30.7m in 1Q 2020
GLC, Fawry cooperate to offer EGP 500 grants to painters
Workers will receive short SMS text message once grant can be collected
EEHC allows electricity bill online payment through Fawry
Fawry CEO Ashraf Sabry said the company’s primary goal is to provide different payment channels to its users, in addition to allowing payments through the EEHC website using credit cards via Fawry Pay.
Fawry’s co-founder to establish $25m FinTech-focused VC fund
Fund’s promotional campaign to start after coronavirus crisis ends
NBE cooperates with Fawry to provide 43,000 POSs for shopping
Karim Soos, Retail Risk Group Head at NBE, said the bank seeks through the new agreement to support its strategic plan towards financial inclusion and expansion in various banking services, particularly the digital ones. This has become the global trend recently, in line with the country’s plan to bring about nationwide digital transformation.
Fawry cooperates with Orman Charity Association in e-collection of aid
Mamdouh Shaaban, director general of Orman Charity Association, said that the new system has been linked to the association’s Customer relationship management (CRM) system so that any collection process automatically appears in the client base programme.
Deezer to provide collection services via Fawry Pay
Okasha added that with the increasing demand for Deezer, it has become important to offer fast and easy facilitation of subscription payments. Customers may now pay using their smart device or through its 125,000 participating Fawry cashiers and outlets.
Bosta lands 7-figure Series A investment from DPDgroup and Fawry
This marks DPDgroup’s first ever investment in Egypt, a country whose potential is clearly recognised. DPDgroup will bring all its support to help Bosta become one of the leading parcel operators in Egypt with a minority stake in Bosta.
Fawry, Banque Misr launch digital loyalty programme
Managing Director of Fawry Mohamed Okasha said the new agreement was the result of fruitful cooperation between the two sides. It would be in their mutual interest which is expanding the banking sector’s digital services.
Fawry to partner with PCI SSC to help secure payment data worldwide
As Council’s newest participating organization, Fawry is to recommend new initiatives for consideration to the PCI SSC
Fawry Dahab to provide e-payment solutions for Cairo’s public utilities
The signing ceremony was attended by Cairo Governor Khaled Abd El-Aal and CEO of Fawry Ashraf Sabry, as well as several governorate officials.
Egypt’s Fawry, PaySky win Citi MENA Fintech Challenge
The Citi MENA Fintech Challenge offered the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements: digitising cash collections; assured payments, Business to business to consumer (B2B2C) enablement, and digitising trade processes.
Fawry to launch Insurance Brokerage Service for micro products early 2020
Company invests EGP 250-300m per year to develop and expand its services
IPO of Fawry 30x oversubscribed in EGX
The offering included 36% stake, which represents 21% of its capital.
Fawry’s private placement, IPO oversubscribed for 16, 1.8 times, respectively
IPO to close tomorrow, trading begins on Thursday
Cautious optimism at EGX this week
Fawry’s IPO is likely to boost hopefulness in market, Eid holiday signals calm trading
Fawry’s institutional offering 15.9x oversubscribed, priced at EGP 6.46/share
Institutional offering of Egyptian e-payment network Fawry was 15.9x oversubscribed at EGP 6.46 per share (offer price), having generated about EGP 7.1bn ($431.0m), the offering manager EFG Hermes announced in a press statement on Thursday
Trading of Fawry shares on EGX to start on 8 August at EGP 6.46
Company to implement insurance brokerage requests electronically in 4Q19, revenues expected to reach EGP 869.4m by year-end
Fawry announces its intention to offer 36% stake owned by Netherland Holding BV on EGX
Furthermore, according to the statement, shares offered in connection with the institutional offering and the Egyptian retail offering will be offered and sold at the same price (offer price).
Fawry to offer 36- 40% stake on EGX
21% for strategic investors, between 15-19% stake for IPO and private placement
Share of Fawry offered in EGX before end of 2019 through partial exiting of investors
FV of company’s shares being determined before approval, completion of offering procedures: Okasha
Fawry considers entering field of IPO payment in EGX offerings through company’s outlets next year
We have achieved great success in funding traders who previously contracted with Fawry, we plan to expand this: Okasha
Fawry getting ready for EGX offering: CEO
Technological culture strongly prevalent in Egypt, allows building strong digital financial system
Fawry partners with BI-Technologies to link Sales Buzz app with its FMCG platform
Fawry, the Egyptian e-payment solutions company, signed a partnership with BI-Technologies company in order to link its Sales Buzz application with Fawry FMCG, the recent-established platform for merchants and consumer goods companies. The Sales Buzz application is used by more than 30,000 sales representatives in consumer goods companies in Egypt, Fawry FMCG platform currently serves …
Banque du Caire launches electronic loan repayment service, credit card payments in cooperation with Fawry
Service reduces time, effort exerted by customers, supports premium banking services: Banque du Caire CEO
Fawry awaits CBE’s approval to provide banking services through Fawry Plus
50% projected growth in e-payment next year: Okasha