#40: Fawry - How the Egyptian payments platform became one of the largest Tech companies in Africa
Afrobility: Africa Tech and BusinessOctober 17, 2021
40
01:50:58203.21 MB

#40: Fawry - How the Egyptian payments platform became one of the largest Tech companies in Africa

Overview: Today, we’re going to talk about Fawry - the Egyptian payments platform. We’ll explore the Fawry story across 6 areas:

  1. Egypt context
  2. Founding and early history
  3. Fundraising & Growth
  4. Product & monetization strategy
  5. Competitive positioning
  6. Overall outlook.

This episode was recorded on October 17, 2021


Companies discussed: Fawry, Egypt National Post Office (ENPO), IFC, Helios Investment Partners, Raya Holding, Technology Development Fund (Ideavelopers), Arab African International Bank, HSBC, Bank of Alexandria (Alexbank), Paymob, Banque Misr, Ebtiikar, Khales, Bee, Masary, Meeza, elmenus & Cashi (alsoug).


Business concepts discussed: Payment Platforms, IPOs, startup incubation, African conglomerates, DFIs (Development Finance Institutions) & FinTech monetization strategy / Personal Finance OS


Conversation highlights:

  • (01:20) - Fawry context
  • (04:00) - Egypt context, startups, financial inclusion
  • (23:59) - Ashraf Sabry background
  • (29:38) - Fawry founding and early history
  • (38:15) - Fundraising and early growth
  • (49:38) - Fawry IPO
  • (52:40) - Product strategy
  • (1:14:26) - Monetization strategy
  • (1:19:30) - Competition in Egypt
  • (1:27:07) - Olumide’s overall thoughts and outlook
  • (1:35:45) - Bankole’s overall thoughts and outlook
  • (1:45:00) - Recommendations and small wins


Olumide’s recommendations & small wins:


Bankole’s recommendations & small wins:


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