Latest news with #AshrafSabry
Tahya Masr
15-05-2025
- Business
- Tahya Masr
Fawry Releases 1Q2025 Results
on the Egyptian Exchange), Egypt's leading Fintech Company, announced today its consolidated results for the quarter ended 31 March 2025. The Company booked revenues of EGP 1,794.8 million in 1Q2025, up by 65.1% year-on-year (y-o-y). Strong top-line performance was driven by the expansion and diversification of the Company's business offerings, which, alongside effective cost control measures, resulted in robust profitability margins. Net profit for the quarter stood at EGP 605.4 million, up by an impressive 97.1% y-o-y, yielding an associated net profit margin (NPM) of 33.7%. The performance reflects sustained strategic business expansion and disciplined cost control, reinforcing the company's ability to scale efficiently while maintaining profitability. In this context, Eng. Ashraf Sabry, Chief Executive Officer of Fawry, commented: I am pleased to report that Fawry has started 2025 on a strong footing, delivering continued operational and financial growth in the first quarter, while making significant strides in advancing our long-term value creation strategy. From a segmental perspective, Financial Services was the primary driver of growth, contributing 40% to overall top-line expansion and delivering a remarkable 164.2% year-on-year increase. Our Banking Services segment—Fawry's second-largest revenue contributor—also delivered impressive results, with revenues growing 55.9% year-on-year. Meanwhile, Supply Chain Solutions saw a 35.3% increase in revenues, reflecting our strategic evolution into a holistic ecosystem offering a broad range of value-added services. Additionally, our Alternative Digital Payments segment maintained solid momentum, growing 30.2% year-on-year and continuing to serve as the backbone of our interconnected ecosystem as it matures alongside other expanding verticals. Sabry Adde, a key driver of our continued growth has been Fawry's strategic focus on expanding its digital service offerings—empowering consumers to seamlessly meet their everyday financial needs while enabling businesses to grow and compete more effectively through our integrated digital platforms. At the same time, we have made targeted investments in streamlining our internal operations, strengthening our ability to serve clients with greater agility, efficiency, and precision. We are also placing strong emphasis on monetizing our Technology, as evidenced by a 125% year-over-year increase in technology-related revenues. This significant growth highlights the success of our efforts so far. Technology monetization will remain a core strategic priority and is expected to play an increasingly important role in driving our revenue growth in the coming years. On the consumer front, the myFawry app and Prepaid Yellow Card continue to operate as a unified financial hub, offering a wide suite of services including bill payments, promotional offers, Buy Now Pay Later (BNPL) solutions, medical insurance, and access to our Money Market Fund. Annualized throughput on myFawry surged by 117.5% to EGP 27.4 billion. This integrated offering has enabled strong momentum in our Consumer Finance portfolio, with BNPL loan balances exceeding EGP 1.3 billion as of the end of 1Q2025. Simultaneously, the NAV of our Money Market Fund crossed EGP 1.8 billion, further reinforcing the app's growing role as a neo-banking platform. On the business side, we continue to enhance Fawry Business, our digital platform tailored for enterprises. In addition to payroll cards and acceptance solutions, we have introduced corporate cards and supplier payment tools that give businesses tighter control over expenses and improved cash flow visibility. These offerings reflect our growing focus on embedded financial services that deliver operational efficiency and real-time financial management . To further support small and medium enterprises (SMEs), we have embedded working capital financing directly into the payment journey, providing seamless, on-demand access to credit at the point of transaction. This embedded finance approach eliminates friction, enhances liquidity for merchants, and aligns with our mission to create a more inclusive and digitally empowered business ecosystem. Additionally, we are advancing our strategy to leverage our big data and AI platform across key areas such as dynamic customer engagement, fraud detection, credit scoring, and code generation. These initiatives aim to deliver more personalized customer experiences, enable behavior-driven decision-making, and boost operational productivity . Lastly, we are proud to have achieved a major regional and global milestone with the successful MPOC certification of our in-house developed Soft POS solution, Tap N Pay. Fawry is now the first company in the MENA region to secure both CPOC and MPOC certifications, and the 10th globally to receive MPOC. Tap N Pay stands as the first fully Egyptian-built Soft POS platform, with full copyright ownership retained by Fawry. These achievements are a testament to our unwavering focus on innovation and our commitment to meeting the diverse needs of our customers. Our strong performance in 1Q2025 underscores our ability to execute on our strategic priorities while continuing to expand our offerings, improve customer experience, and lead the digital transformation of financial services in Egypt. Looking ahead, Fawry remains firmly committed to delivering sustainable growth and long-term value for all stakeholders, while playing an active role in the development of Egypt's financial sector and broader digital economy.
Channel Post MEA
05-05-2025
- Business
- Channel Post MEA
Fawry And Microsoft To Drive Digital Transformation For Egyptian SMEs
Egypt's leading Fintech company, Fawry, has announced a collaboration with Microsoft to drive digital transformation for small and medium-sized enterprises (SMEs) in Egypt by integrating Microsoft 365 (M365) solutions with Fawry Business service products. This collaboration is set to revolutionize the SME landscape by offering an integrated suite of digital and financial solutions, enhancing efficiency and supporting business growth. Building on its commitment to empowering businesses, Fawry continues to deliver cutting-edge solutions that simplify operations, boost efficiency, and alleviate daily business challenges. The integration of Microsoft 365 provides essential productivity tools, while Fawry's financial services offer seamless payroll management, medical insurance solutions, efficient POS transactions, cash collection services, and investment opportunities through the Fawry Yawmy Fund. To ensure seamless adoption, Microsoft will conduct extensive training programs for Fawry's sales representatives on M365 and the Microsoft Copilot suite, equipping them with the knowledge to introduce the bundled solutions to SME customers. Additionally, Fawry and Microsoft have collaborated with KlayyTech, a trusted implementation partner specializing in digital transformation for SMEs, who will oversee the integration process, providing SMEs with the technical support they need to maximize the benefits of these solutions. Commenting on the partnership Eng. Ashraf Sabry, CEO of Fawry stated: 'Fawry is firmly committed to accelerating the digital transformation and financial inclusion for Egypt's SME sector. By integrating Microsoft 365 with our robust financial services, we will deliver a seamless, all-in-one solution that enhances efficiency, boosts competitiveness, and fuels sustainable growth for our SME partners. Together, we are empowering businesses with the tools they need to thrive in an evolving digital economy, reinforcing our dedication to innovation and success.' For her part, Mirna Arif, General Manager, Microsoft Egypt, explained, 'At Microsoft, we are dedicated to empowering businesses with the latest cutting-edge technologies they need to succeed in today's dynamic business landscape. Our collaboration with Fawry allows us to bring Microsoft 365 to SMEs in a way that directly enhances their productivity, security, and efficiency. By integrating these capabilities with Fawry's financial services, we are accelerating digital adoption and helping businesses become more agile, competitive, and prepared for the future.' Adel Abdel Hamid, Channel Sales Manager at Microsoft Egypt, added, 'This collaboration is a strategic milestone for enabling SMEs to achieve more. By integrating Microsoft 365 with Fawry's robust financial services, we are providing businesses with enhanced security and AI-ready solutions that will drive their growth and success in the digital era.' Ihab Fathi, General Manager at KlayyTech, said, 'As a digital transformation enabler, KlayyTech plays a vital role in ensuring the smooth adoption of new technologies. Our expertise in implementation and integration will ensure that SMEs can seamlessly adopt and leverage these powerful solutions, driving their digital transformation journey.' Sherif Abou Shady, SMEs Director at Fawry, added, 'SMEs are the backbone of the Egyptian economy, and this partnership equips them with essential tools to thrive in an increasingly competitive market. Aligned with Fawry's mission to deliver integrated business solutions, this combination of financial and productivity tools will drive growth, efficiency, and long-term success for SMEs.' By combining technology, financial solutions, and seamless implementation, the collaboration between Fawry, Microsoft, and KlayyTech is set to ignite a new era of digital empowerment for Egyptian SMEs by building a digitally inclusive business landscape, strengthening Egypt's position as a digital transformation hub in the region. 0 0
Zawya
05-05-2025
- Business
- Zawya
Fawry integrates Microsoft 365 into Fawry Business to support Egyptian SMEs
Arab Finance: Egyptian fintech Fawry has partnered with Microsoft to integrate Microsoft 365 into its Fawry Business services, aiming to support the digital transformation of small and medium-sized enterprises (SMEs) in Egypt, as per an emailed press release. The partnership offers SMEs a package that combines digital productivity tools with Fawry's financial services, including payroll management, medical insurance, POS transactions, cash collection, and access to investment options through the Fawry Yawmy Fund. To support implementation, Microsoft will train Fawry's sales teams on Microsoft 365 and the Microsoft Copilot suite to help them introduce the bundled services to SME clients. KlayyTech, a digital transformation partner, will oversee the technical integration and provide ongoing support to businesses. Fawry said the initiative is part of its broader plan to simplify business operations and help SMEs manage their processes more efficiently. The collaboration with Microsoft and KlayyTech is intended to expand digital adoption among SMEs and contribute to Egypt's digital development goals. 'Fawry is firmly committed to accelerating the digital transformation and financial inclusion for Egypt's SME sector. By integrating Microsoft 365 with our robust financial services, we will deliver a seamless, all-in-one solution that enhances efficiency, boosts competitiveness, and fuels sustainable growth for our SME partners. Together, we are empowering businesses with the tools they need to thrive in an evolving digital economy, reinforcing our dedication to innovation and success,' CEO of Fawry, Ashraf Sabry, stated. For her part, Mirna Arif, General Manager, Microsoft Egypt, commented, "At Microsoft, we are dedicated to empowering businesses with the latest cutting-edge technologies they need to succeed in today's dynamic business landscape. Our collaboration with Fawry allows us to bring Microsoft 365 to SMEs in a way that directly enhances their productivity, security, and efficiency. By integrating these capabilities with Fawry's financial services, we are accelerating digital adoption and helping businesses become more agile, competitive, and prepared for the future.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
04-05-2025
- Business
- Zawya
Fawry joins forces with Microsoft to drive digital transformation for Egyptian SMEs through Fawry Business
Streamlined Financial Solutions to Support Business Growth Seamless Onboarding and Technical Support with KlayyTech Cairo, Egypt: Fawry, Egypt's leading Fintech company, has announced a collaboration with Microsoft to drive digital transformation for small and medium-sized enterprises (SMEs) in Egypt by integrating Microsoft 365 (M365) solutions with Fawry Business service products. This collaboration is set to revolutionize the SME landscape by offering an integrated suite of digital and financial solutions, enhancing efficiency and supporting business growth. Building on its commitment to empowering businesses, Fawry continues to deliver cutting-edge solutions that simplify operations, boost efficiency, and alleviate daily business challenges. The integration of Microsoft 365 provides essential productivity tools, while Fawry's financial services offer seamless payroll management, medical insurance solutions, efficient POS transactions, cash collection services, and investment opportunities through the Fawry Yawmy Fund. To ensure seamless adoption, Microsoft will conduct extensive training programs for Fawry's sales representatives on M365 and the Microsoft Copilot suite, equipping them with the knowledge to introduce the bundled solutions to SME customers. Additionally, Fawry and Microsoft have collaborated with KlayyTech, a trusted implementation partner specializing in digital transformation for SMEs, who will oversee the integration process, providing SMEs with the technical support they need to maximize the benefits of these solutions. Commenting on the partnership Eng. Ashraf Sabry, CEO of Fawry stated: 'Fawry is firmly committed to accelerating the digital transformation and financial inclusion for Egypt's SME sector. By integrating Microsoft 365 with our robust financial services, we will deliver a seamless, all-in-one solution that enhances efficiency, boosts competitiveness, and fuels sustainable growth for our SME partners. Together, we are empowering businesses with the tools they need to thrive in an evolving digital economy, reinforcing our dedication to innovation and success.' For her part, Mirna Arif, General Manager, Microsoft Egypt, explained, "At Microsoft, we are dedicated to empowering businesses with the latest cutting-edge technologies they need to succeed in today's dynamic business landscape. Our collaboration with Fawry allows us to bring Microsoft 365 to SMEs in a way that directly enhances their productivity, security, and efficiency. By integrating these capabilities with Fawry's financial services, we are accelerating digital adoption and helping businesses become more agile, competitive, and prepared for the future.' Adel Abdel Hamid, Channel Sales Manager at Microsoft Egypt, added, "This collaboration is a strategic milestone for enabling SMEs to achieve more. By integrating Microsoft 365 with Fawry's robust financial services, we are providing businesses with enhanced security and AI-ready solutions that will drive their growth and success in the digital era." Ihab Fathi, General Manager at KlayyTech, said, 'As a digital transformation enabler, KlayyTech plays a vital role in ensuring the smooth adoption of new technologies. Our expertise in implementation and integration will ensure that SMEs can seamlessly adopt and leverage these powerful solutions, driving their digital transformation journey.' Sherif Abou Shady, SMEs Director at Fawry, added, 'SMEs are the backbone of the Egyptian economy, and this partnership equips them with essential tools to thrive in an increasingly competitive market. Aligned with Fawry's mission to deliver integrated business solutions, this combination of financial and productivity tools will drive growth, efficiency, and long-term success for SMEs.' By combining technology, financial solutions, and seamless implementation, the collaboration between Fawry, Microsoft, and KlayyTech is set to ignite a new era of digital empowerment for Egyptian SMEs by building a digitally inclusive business landscape, strengthening Egypt's position as a digital transformation hub in the region. About Fawry for Banking Technology and Electronic Payments Founded in 2008, Fawry is the largest e-payment platform in Egypt serving the banked and unbanked population. Fawry's primary services include enabling electronic bill payments, mobile top-ups, and provisions for millions of Egyptian users. Other digital services also include e-ticketing, cable TV, and a variety of other services. Through its peer-to-peer model, Fawry is enabling corporates and SMEs to accept electronic payments through a number of platforms including websites, mobile phones, and POSs. With a network of 36 member banks, its mobile platform, and more than 372 thousand agents, Fawry processes more than 6 million transactions per day, serving an estimated customer base of 53.1 million users monthly. Learn more at About Microsoft: Microsoft (Nasdaq 'MSFT' @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more. About KlayyTech: KlayyTech was founded in 2020 by Khaled Abdelkader. KlayyTech is a comprehensive multiservice aggregator for digital transformation solutions, operating in Egypt, Saudi Arabia, and the UAE. KlayyTech is a proud distributor of Microsoft, offering professional services and solutions tailored to the SMB market. KlayyTech's mission is to enable and empower small and corporate enterprises to accelerate their business growth through the adoption of digital transformation solutions. KlayyTech aims to aggregate the world's most relevant, easy-to-adopt, affordable, and simplified digital transformation cloud offerings.
Zawya
20-03-2025
- Business
- Zawya
Egypt: Fawry receives Islamic financing license from FRA
Arab Finance: Fawry, Egypt's leading fintech company, announced that its fully owned subsidiary, Fawry MSME Finance, has secured an Islamic financing license from the Financial Regulatory Authority (FRA), as per a disclosure. The license enables Fawry to expand its services by offering Sharia-compliant financial solutions, addressing the increasing demand for Islamic finance in Egypt. 'The approval from the FRA reinforces Fawry's commitment to diversifying its financial services, positioning itself as a key player in Egypt's rapidly evolving fintech and Islamic finance landscape. This step is expected to drive further growth, customer engagement, and market penetration, particularly among segments that prioritize Islamic banking principles in their financial transactions,' Fawry's CEO Ashraf Sabry commented. 'With its Islamic financing license, Fawry MSME Finance will offer Sharia-compliant financial products, meeting the growing demand for Islamic finance among Egyptian entrepreneurs. This step aligns with the company's strategy to expand financial inclusion and support MSMEs with tailored and accessible financial instruments," Chief Executive Officer of Fawry MSME Finance Alexander Levchenko stated. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
