# Fawry

> Source: https://docs.barcoder.ai/docs/wallets/fawry
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Fawry — official](https://www.fawry.com/)

## Overview

**Fawry** is **Egypt's #1 payment platform + $1B+ fintech**, **EGX-listed (FWRY)**, founded **2008** <sup>[1][1], [2][2], [Egypt report](https://docs.barcoder.ai/docs/payments/EG)</sup>. **Egypt's first fintech unicorn** + a network of **36 member banks + 377,000+ agents + 6M+ daily transactions + 54.8 million monthly users**.

**2025 record financial performance** <sup>[3][3], [4][4]</sup>:
- **Revenue**: **EGP 8.65 billion (+57% YoY)** — record FY2025 growth
- **EBITDA**: **EGP 4.97 billion (+80.8%)** — distinctive operational leverage
- **Net profit**: **EGP 2.89 billion (+79.8%)**
- **EBITDA margin**: **57.4%** (highest in history)
- **Net profit margin**: **33.4%**
- **Market cap**: **EGP 64.96 billion (~$1.25 billion USD)**

**Revenue diversification (2025)**:
- **Banking Services**: EGP 3.51B (+52%) — 40.6% of total
- **Financial Services**: EGP 2.38B (+135% — fastest growth) — 27.5%
- **Alternative Digital Payments (ADP)**: EGP 2.01B (+17.6%)
- **Supply Chain Solutions + Technology**: +42.9% + +93.1% respectively

## History

**2008 — Fawry founded** <sup>[2][2]</sup> by **Ashraf Sabry** + team as Egypt payment-aggregator pioneer.

**2010s — Mass Egyptian agent-network expansion** <sup>[1][1]</sup>: 377K+ agents nationwide.

**August 2019 — Fawry IPO on EGX** <sup>[2][2]</sup>: One of largest Egyptian tech IPOs.

**2020 — Egypt's first fintech unicorn**: market cap crossed $1B post-IPO.

**FY2025 — Record results**: EGP 8.65B revenue (+57%); EBITDA 4.97B (+80.8%); net profit 2.89B (+79.8%); EBITDA margin 57.4% (highest in history) <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **Fawry for Banking Technology and Electronic Payments S.A.E.** (EGX: FWRY).

**Founder + CEO**: **Ashraf Sabry**.

**Major investors**: **EFG-EV Fintech + Helios Investment Partners + Egyptian American Enterprise Fund + Ahly Capital** + EGX public float.

**Regulators**: **CBE (Central Bank of Egypt)** + **Egyptian Financial Regulatory Authority**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | 377,000+ Fawry agents nationwide + Fawry mobile app (iOS + Android) + Fawry merchant POS + API |
| **Identifiers** | Phone + card number |
| **EG rail** | **[Meeza QR](https://docs.barcoder.ai/docs/standards/meeza-qr)** (Egypt national debit + POS-mandatory) |
| **Member banks** | 36+ Egyptian banks integrated |
| **Sub-businesses** | Banking Services + Financial Services + Alternative Digital Payments + Supply Chain Solutions + Technology |
| **Monthly users** | 54.8M (over half of Egypt's banked + unbanked population) |
| **Daily transactions** | 6M+ |
| **License** | CBE-licensed Payment Service Provider + acquirer + Financial Regulatory Authority |

## Users & growth

**FY2025 baseline** <sup>[3][3], [4][4]</sup>:
- **Monthly users**: 54.8 million
- **Daily transactions**: 6 million+ (~180M monthly)
- **Agents**: 377,000+
- **Member banks**: 36
- **Revenue FY2025**: EGP 8.65B (+57% YoY)
- **EBITDA FY2025**: EGP 4.97B (+80.8%)
- **Net profit FY2025**: EGP 2.89B (+79.8%; 33.4% margin)
- **Market cap**: EGP 64.96B (~$1.25B USD)
- **Egypt's first fintech unicorn**

## Use cases

Egyptian retail bill payments + utilities + telco top-ups + government services via 377K+ Fawry agents; mobile app + merchant POS payments; Fawry Banking Services (40.6% of revenue); Fawry Financial Services (+135% growth in 2025 = fastest segment); Fawry Alternative Digital Payments; Fawry Supply Chain Solutions for SMEs; cross-border-payment infrastructure.

## Implementations & partners

**Operator**: **Fawry for Banking Technology and Electronic Payments S.A.E.** (EGX: FWRY).

**Founder + CEO**: **Ashraf Sabry**.

**Major investors**: EFG-EV Fintech, Helios Investment Partners, Egyptian American Enterprise Fund, Ahly Capital + EGX public float.

**Member banks**: 36 Egyptian banks integrated.

**Major Egyptian payment-platform competitors**:
- **Vodafone Cash** (Vodafone Egypt mobile money)
- **InstaPay** (CBE-led instant payment app)
- **Meeza** (Egypt national card scheme; not direct rival but rail provider)
- **PayTabs Egypt** (PayTabs MENA expansion)
- **Network International Egypt** (Network International MENA reach)

**Regulators**: **CBE + Egyptian Financial Regulatory Authority**.

## Fun facts

- **Egypt's first fintech unicorn** (post-Aug 2019 EGX IPO).
- **2008 founding by Ashraf Sabry** + team.
- **FY2025 record results**: EGP 8.65B revenue (+57%); EBITDA 4.97B (+80.8%); net profit 2.89B (+79.8%; 33.4% margin); EBITDA margin 57.4% (highest in history).
- **54.8M monthly users + 377K agents + 36 member banks + 6M+ daily tx**.
- **Market cap EGP 64.96B (~$1.25B USD)**.
- **Financial Services segment +135% growth in 2025** — fastest segment.
- **EGX-listed (FWRY)** — distinctive listed-Egyptian-fintech transparency.
- **Distinctive Egyptian-agent-network model** vs neobank-app-only fintechs elsewhere.

## Comparison

| Feature | Fawry | Vodafone Cash (EG mobile-money rival) | InstaPay (EG CBE-led instant) | [Network International](https://docs.barcoder.ai/docs/wallets/network-international) (MENA acquirer comparable) | [PayTabs](https://docs.barcoder.ai/docs/wallets/paytabs) (SA payment-orchestration comparable) |
|---|---|---|---|---|---|
| Operator | **Fawry (EGX: FWRY; Ashraf Sabry founder; Helios + EFG-EV + Ahly Capital backed)** | Vodafone Egypt | Central Bank of Egypt | Network International LLC (Brookfield-led consortium) | PayTabs Group (Abdulaziz Al Jouf 2014) |
| Type | **Egypt #1 payment platform + agent network + multi-segment financial services** | EG telco-led mobile money | EG national instant-payments | MENA + Africa enterprise payment-processor | MENA payment-orchestration + AI-powered |
| Country | Egypt | Egypt | Egypt | UAE HQ + MENA + 50+ markets | SA + 9 MENA countries |
| Users | **54.8M monthly users + 377K agents + 6M+ daily tx + 36 member banks** | Major EG | Mass EG | $400B+ combined TPV + 250+ FIs + 240K+ merchants | 1M+ clients + SAR 325B tx |
| Listing | **EGX: FWRY (Aug 2019 IPO; Egypt's first fintech unicorn)** | Vodafone Egypt parent | n/a (CBE-led) | Brookfield-controlled (private post-Sep 2024) | Private |
| FY2025 distinctive | **Revenue EGP 8.65B (+57%); EBITDA 4.97B (+80.8%); 57.4% EBITDA margin (highest in history); Financial Services +135% growth** | Telco-led; Vodafone parent | CBE national instant rail | $400B+ combined TPV post-Magnati merger 2025 | First Arab Top 100 Global Fintech (Oct 2024) |

## Status

**Active, Egypt's #1 payment platform + first fintech unicorn** <sup>[3][3], [4][4]</sup>:
- **Fawry (EGX: FWRY; Ashraf Sabry founder)** since 2008.
- **FY2025 record results**: EGP 8.65B revenue (+57%); EBITDA 4.97B (+80.8%; 57.4% margin); net profit 2.89B (+79.8%; 33.4% margin).
- **54.8M monthly users + 377K agents + 36 member banks + 6M+ daily tx**.
- **Market cap EGP 64.96B (~$1.25B USD)**.
- **CBE + Egyptian Financial Regulatory Authority regulated**.

## Sources

[1]: https://techcabal.com/2026/04/20/how-fawry-built-a-profitable-fintech/ "How Fawry built $1B fintech — TechCabal"
[2]: https://en.wikipedia.org/wiki/Fawry "Fawry — Wikipedia"
[3]: https://techafricanews.com/2026/03/05/fawry-reports-record-fy2025-growth-driven-by-diversified-financial-services/ "Fawry record FY2025 — TechAfrica"
[4]: https://www.fawry.com/wp-content/uploads/2025/11/Earnings-Release-2Q25-English.pdf "Fawry 2Q25 earnings release"
[eg-cro]: https://docs.barcoder.ai/docs/payments/EG

- [1] [How Fawry built $1B fintech — TechCabal][1]
- [2] [Fawry — Wikipedia][2]
- [3] [Fawry record FY2025 — TechAfrica][3]
- [4] [Fawry 2Q25 earnings release][4]
- <sup>[Egypt report](https://docs.barcoder.ai/docs/payments/EG)</sup> In-corpus: `reports/countries/EG-egypt.md`

## Source

Biography extracted from [fawry.md](https://docs.barcoder.ai/source/wallets/fawry). See `matrix.md` for standards-support matrix if present.