Latest news with #FawryBusiness
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
26-02-2025
- Business
- Zawya
Fawry acquires stakes in 3 Egyptian tech companies for $1.6mln
Arab Finance: Fawry for Banking Technology and Electronic Payments has invested EGP 80 million in three major Egyptian tech firms, as per a statement released on February 26th. The EGX-listed company acquired equity stakes of 51%, 56.6%, and 51% in Dirac Systems, Virtual CFO, and Code Zone, respectively. This investment aligns with Fawry's growth strategy to scale its ecosystem of business solutions 'Fawry Business', in addition to contributing to developing the country's tech sector. Dirac Systems is a leader in enterprise resource planning (ERP) software and business automation solutions. It provides tailored systems that streamline operations for businesses across industries. Moreover, Virtual CFO enables SMEs and startups to conduct their financial transactions, compliance, and cash flow more effectively. Code Zone is known for developing advanced business management tools, including solutions for CRM, HR, financial management, and enterprise operations for companies in the Healthcare sector. On his part, Ashraf Sabry, CEO of Fawry, commented: 'These investments reinforce Fawry's position as a one-stop digital business solutions provider by expanding 'Fawry Business' suite in ERP and financial management tools, seamless digital payment integrations with advanced accounting and HR solutions, and tailored fintech innovations for SMEs, and large enterprises.' 'By integrating these companies into its ecosystem, Fawry aims to support Egypt's digital transformation and cashless economy initiatives while driving technological innovation across multiple industries,' Sabry added. Meanwhile, Dirac Systems' CEO Mohamed Hamed highlighted: 'This investment marks a significant milestone for Dirac Systems, enabling us to scale our Enterprise Resource Planning (ERP) solutions and expand our impact on businesses of all sizes. 'Together, we will provide fully integrated digital solutions that empower organizations to enhance operational efficiency, streamline financial management, and accelerate their growth in an increasingly digital economy,' Hamed indicated. Ahmed Farouk, CEO of VCFO, commented: 'This partnership is set to drive significant positive impacts, enhancing business efficiency, strengthening the tax system, and contributing to the overall growth of Egypt's business ecosystem'. Finally, Mohamed Youssef, CEO of Code Zone, stated: 'We seek to develop advanced solutions that meet customer expectations, offering comprehensive and integrated platforms that seamlessly combine technology and innovation'. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
13-02-2025
- Business
- Zawya
'Fawry" launches "'Fawry Business'" – A groundbreaking solutions suite to drive digital transformation for businesses in Egypt
An integrated electronic collections and payments system Corporate and individual cards in collaboration with Banque Misr SMEs lending solutions Corporate investment in the 'Fawry Yawmy' Fund, with an annual return of up to 23% due daily An integrated financial, sales, and procurement management system An integrated HR and payroll management system Cairo, Egypt: Fawry, Egypt's leading e-payments solutions provider, has announced the launch of "Fawry Business', a groundbreaking suite of innovative solutions tailored to businesses of all sizes and the broader business community in Egypt. These solutions aim to facilitate operations, boost efficiency, and alleviate daily business challenges. Building on its commitment to digital transformation, Fawry continues to deliver cutting-edge digital solutions that simplify financial transactions and provide essential tools for business success. As a trusted partner in Egypt's business ecosystem, Fawry reinforces its strategic vision to support digital transformation efforts and advance financial inclusion across the country. 'Fawry Business' offers a comprehensive range of solutions for small, medium, and large enterprises across various sectors, including manufacturing, healthcare, education, restaurants, retail, logistics, real estate, and facilities management. Among its key features is an advanced HR system that streamlines employee management by tracking attendance through a geolocation feature, calculating overtime and payroll, processing and reviewing employee requests, and simplifying salary disbursement. These innovative solutions provide businesses with the reliability they need to optimize daily operations and drive long-term success. 'Fawry Business' offers a variety of solutions that help businesses manage both cash and electronic collections while presenting a comprehensive overview of their transactions. The platform also helps businesses fulfill their financial obligations electronically through multiple mechanisms including the Fawry Corporate Card in collaboration with Banque Misr, allowing businesses to set spending controls and track real-time payments. By continuously monitoring collections and payments, businesses can efficiently manage their cash flow management. Additionally, electronic transaction records enable Fawry to assess customers' creditworthiness and offer financing solutions while ensuring proper utilization. Meanwhile, 'Fawry Yawmy' allows businesses to instantly invest their collections, maximizing returns on their revenues. 'Fawry Business' also provides a diverse range of solutions to empower businesses, including accepting all kinds of payment methods through its payment acceptance systems. It enables seamless integration between point-of-sale (POS) systems and Fawry POS devices while offering various online payment solutions such as payment gateways, payment links, and multiple in-store payment options. These include contactless payments, featuring the Tap N Pay application—the first Egyptian-made Soft POS solution fully developed by Fawry. This innovative technology allows merchants to accept payments directly through their mobile phones without the need for additional hardware, ensuring a secure and efficient transaction experience. To deliver innovative cash management solutions, 'Fawry Business' offers a collection management service through FawryPlus branches. It also allows businesses to deposit funds at any time throughout the week via a vast network of over 300 stores across Egypt, with the option to transfer the funds to their bank account by the next business day. Additionally, 'Fawry Business' introduces an innovative FinTech-based investment fund that enables companies to invest their working capital and earn an annual return of up to 23%, due daily. 'Fawry Business' provides a comprehensive suite of integrated services for companies, including financing that offers business loans with fast and flexible approval processes. The system simplifies loan applications and provides flexible repayment plans tailored to various business needs, which aligns with Fawry's strategy to drive economic growth, financial inclusion, and innovation in Egypt while reinforcing its role in advancing the country's digital transformation strategy. In the field of financial management, 'Fawry Business' offers a comprehensive accounting system that serves as a one-stop shop for businesses, eliminating the need for traditional methods. This system enables businesses to manage cash flow, record daily transactions, generate financial statements, manage invoices, and analyze financial data—all in one place. Additionally, it seamlessly integrates with the electronic invoice portal at competitive pricing. Commenting on the launch, Eng. Ashraf Sabry, CEO and Managing Director of Fawry, stated: "Digital transformation in Egypt is advancing at an unprecedented pace, reshaping the economic landscape and creating a growing demand for more sophisticated and innovative financial solutions to support sustainable growth. At Fawry, we recognize the importance of delivering integrated services that cater to the evolving market needs. We aim to empower businesses to overcome financial challenges and enhance their competitiveness. With the launch of 'Fawry Business', we reaffirm our unwavering commitment to driving digital transformation and financial inclusion in Egypt." He added: "This innovative platform offers comprehensive and fully integrated financial solutions designed to empower businesses in managing their financial operations more efficiently and effectively. Through 'Fawry Business', we aim to equip companies with the essential tools to achieve their goals in a dynamic business landscape while contributing to the growth of a strong and prosperous Egyptian economy." Aligned with its commitment to supporting Egypt's SME sector, Fawry remains dedicated to developing innovative business solutions tailored to the needs of this vital segment. Leveraging its extensive experience in creating impactful financial products, the company delivers integrated solutions designed to address the unique challenges businesses face, empowering them to grow and thrive. As part of its strategy to ensure that 'Fawry Business' solutions align with the needs of local businesses, Fawry actively invests in leading Egyptian companies such as Codezone, VCFO, and Dirac. These strategic investments allow Fawry to leverage local expertise, enhancing its ability to develop tailored solutions that meet and exceed entrepreneurs' expectations, empowering them to manage their businesses with enhanced flexibility and efficiency. Through these investments, Fawry continues to champion technological advancement and business empowerment, further solidifying its position as a key driver of innovation and growth in the Egyptian fintech and business solutions landscape.
