The billion dollar question

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


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. 

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