Egyptian tycoon Ashraf Sabry’s Fawry joins forces with Taiwanese tech giant for seamless payment solutions
Fawry is a leading fintech company.
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Fawry is a leading fintech company.
Sabry controls 2.3 percent of the fintech company.
The bump in the market value of his stake cements his position as one of the richest investors on the Egyptian Stock Exchange.
Fawry’s market cap is $640 million, while Sabry’s 2.345-percent stake is valued at $15 million.
Fawry is one of Africa’s few listed fintech companies.
Fawry is one of Africa’s leading fintech companies, offering more than 250 e-payment services.
Fawry is one of Africa’s leading fintech companies.
Sabry, who founded the payment platform in 2008 and pioneered electronic bill payments in Egypt, owns 2.345 percent of the company.
Fawry Microfinance is an operating subsidiary of Fawry for Banking Technology and Electronic Payments.
With a market capitalization of $1.38 billion, Fawry is one of Africa’s few tech companies worth over $1 billion.
Alsoug is a Sudanese startup that allows consumers to buy and sell products and services online.