In November 2015, a consortium of international financial investors comprising the Egyptian-American Enterprise Fund, the MENA Long-Term Value Fund and Helios acquired a majority stake in Fawry at a purchase price of approximately $100 million. Fawry is a pioneering electronic bill presentment and payment platform. Headquartered in Cairo, Fawry provides users with a secure electronic bill payments solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs, post offices, online and through mobile wallets.
In August 2019, Fawry conducted an initial public offering on the Egyptian Stock Exchange.
