Fawry Acquires Stakes In Three Egyptian Tech Firms For USD 1.6 M

Egypt’s top digital payments provider, Fawry, has invested EGP 80 M (USD 1.6 M) to acquire majority stakes in three Egyptian tech companies as part of its strategy to expand its business solutions ecosystem. The EGX-listed company now holds 51% of Dirac Systems, 56.6% of Virtual CFO, and 51% of Code Zone.

This move aligns with Fawry’s goal of strengthening its “Fawry Business” platform by integrating advanced ERP, financial management, and digital payment solutions, further supporting Egypt’s digital transformation efforts.

Dirac Systems specializes in enterprise resource planning (ERP) and business automation, offering customized solutions to enhance operational efficiency. Virtual CFO provides SMEs and startups with tools for financial transactions, compliance, and cash flow management. Code Zone develops business management software for CRM, HR, financial management, and enterprise operations, with a strong presence in the healthcare sector.

Ashraf Sabry, CEO of Fawry, emphasized that these acquisitions solidify Fawry’s position as a one-stop provider of digital business solutions, integrating fintech innovations, ERP systems, and financial tools to serve SMEs and large enterprises.

The CEOs of Dirac Systems, Virtual CFO, and Code Zone expressed confidence that the partnership will accelerate business efficiency, expand ERP adoption, and drive digital innovation across multiple industries in Egypt.

With this investment, Fawry aims to support Egypt’s shift toward a cashless economy while enhancing its role as a key player in the country’s fintech and business automation landscape.