The billion dollar question

Fawry’s Stock Surge Tore It Between Unicorn Status & A Familiar Billion-Dollar Question

By  |  October 31, 2020

If M-PESA had an Egyptian twin, the family tie wouldn't stretch past Fawry. The Cairo-based fintech has become North Africa's first-ever tech unicorn, Africa's third-liner, and its own country's first tech-driven firm to ever attain a billion-dollar status.

Fawry's rise to the Egyptian—as well as African—business crescendo is yet another proof that mobile money is king when it comes to financial inclusion in Africa. 

Most Read


Tracing The Rapid Rise Of E-Mobility in Kenya

The global automotive industry has shifted significantly towards electric vehicles (EVs) in recent


Nigeria’s Crypto Traders Take Business Underground Amid War On Binance

Nigeria’s heightened crackdown on cryptocurrency companies over the naira’s slide is driving the


Kenya Is Struggling To Find Winners After Startup Funding Boom

Kenya, the acclaimed Silicon Savannah, is reeling from turbulence in its tech landscape.