By ; Nahla Makled
Ashraf Sabry, CEO of Fawry"It is my pride that Fawry has become the first startup technology company in Egypt to get to the billion-dollar valuation.”
"On this occasion, I extend my sincere appreciation to all of my coworkers in Fawry for their efforts to put Fawry as a leading player in the Egyptian market and gain investors trust.”
“We are also proud that all Fawry platforms and tech solutions were developed by Egyptian engineers. And all fawry employees are Egyptian youth, which indicates the huge ability of Egyptians if provided with appropriate conditions."
The market cap of Fawry during the intraday trading at the Egyptian Exchange on the 17th, 18th and 19th of this August exceeded $1 billion, to become the first Egyptian startup to hits unicorn status with market cap of $1 BN...
Eng Ashraf Sabry stated that joining the Unicorn Club is a result of years of hard effort from all Fawry employees, and it shows the innovation of Egyptians, especially since the company was able to attract many international investors’ trust in the Egyptian market.
He also emphasized that the power of Fawry’s brand, partners trust, and the company's vision to facilitate Egyptians life through mobile services and e-commerce are the most important reasons that enhance the company's ability to seize the opportunities available in the Egyptian market.
Worthy mentioning that Fawry, the leading platform for digital transformation and e-payments, serves more than 29 million customers per month, with more than 3 million transactions per day for more than 879 services including telecom bills, tickets and tourism, online payments, various utilities, and others. All through one big network of 34 banks and more than 166.5K outlets across Egypt, 2500+ branches for post offices. And more than 15 mobile phone wallets for banks and mobile companies in addition to "FawryPlus" outlets, as well as "myFawry" online gateway and application.
