Fawry has made strategic investments totaling EGP 80 million in three Egyptian tech companies to enhance its 'Fawry Business' ecosystem and strengthen its position in the fintech sector.

Information on the Target

Fawry, listed as FWRY.CA on the Egyptian Exchange, is Egypt's preeminent fintech company. On February 26, 2025, the company announced strategic investments of EGP 80 million in three notable Egyptian tech firms: Dirac Systems, Virtual CFO, and Code Zone. Fawry acquired equity stakes of 51.0%, 56.6%, and 51.0% in these companies, respectively. This investment initiative is an integral part of Fawry's growth strategy aimed at enhancing its 'Fawry Business' ecosystem, which offers a comprehensive range of digital solutions for businesses.

Dirac Systems specializes in Enterprise Resource Planning (ERP) software and business automation, providing tailored systems that facilitate operational efficiency across various industries. Virtual CFO focuses on delivering specialized financial and accounting services designed to assist SMEs and startups in managing their financial processes, compliance, and cash flow effectively. Lastly, Code Zone is recognized for its innovative software development capabilities, particularly in creating advanced business management tools including CRM, HR, and financial management solutions dedicated to the healthcare sector.

Industry Overview in Egypt

The technology and fintech sectors in Egypt are rapidly evolving, supported by a growing demand for digital solutions in the face of increasing internet penetration and mobile device usage. The Egyptian government has been actively promoting digital transformation i