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EFG closes sale of 7% stake in Egypt’s Fawry for USD 50 mn
INVESTMENT WATCH- EFG closes USD 50 mn sale of c.7% stake in Fawry: EFG Hermes closed last week the sale…
Fawry
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Fawry
Shareholders look to sell c. 7% stake in Fawry
Shareholders look to sell 7% stake in Fawry: A group of shareholders are looking to sell a combined stake of…
Fatura raises USD 1 mn in funding round led by Disruptech
STARTUP WATCH- Egyptian e-payments platform Fatura has raised north of USD 1 mn in its first funding round led by…
Earnings watch: Fawry, Porto Group
EARNINGS WATCH- Fawry reports 82% growth in profits in 1Q2020: Profits at e-payment service provider Fawry surged by 82% in…
What we’re tracking on 9 June 2020
Good morning, friends — as you can tell from this morning’s tl;dr, it’s a packed issue today, so let’s jump…
Disruptech fintech fund makes its first investment in two Egyptian companies
STARTUP WATCH- Disruptech makes its first investment in two Egyptian companies: Disruptech, a USD 25 mn fintech fund recently set…
Fawry MD resigns to set up USD 25 mn fintech investment fund
MOVES- Fawry MD resigns to set up USD 25 mn fintech investment fund: Mohamed Okasha has resigned from his position…
Fawry transfers 64% of its main shareholder stake to indirect shareholders
Fawry transfers majority shareholder stake to indirect shareholders: Egyptian e-payment company Fawry has transferred the ownership of the 63.99% stake…
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