{"id":695187,"date":"2026-04-21T00:00:00","date_gmt":"2026-04-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=695187"},"modified":"2026-04-21T03:35:58","modified_gmt":"2026-04-21T03:35:58","slug":"fawry-secures-fra-license-for-a-new-egp-60-mn-micro-ins-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/21\/fawry-secures-fra-license-for-a-new-egp-60-mn-micro-ins-arm\/","title":{"rendered":"Fawry secures FRA license for a new EGP 60 mn micro-ins. arm"},"content":{"rendered":"

Fintech giant Fawry is officially entering the ins. space<\/strong>, after securing approval from the Financial Regulatory Authority (FRA) for its new subsidiary, Fawry for Microins., with a starting budget of EGP 60 mn, of which Fawry owns 90%, according to a press release (pdf)<\/a>. The new arm will sell basic, low-cost coverage for health, life, personal accidents, and assets designed for gig workers and small businesses.<\/p>\n

The rationale:<\/strong> \u201cThe ins. market in Egypt is very small and untapped, with lots of room for growth, for both existing and non-existent products,\u201d Fawry\u2019s Director of Investor Relations Hassan Abdelgelil tells EnterpriseAM. \u201cIn fact, there are ins. products that exist with no cost-effective avenue to reach potential customers,\u201d he added. <\/p>\n

Why it matters: <\/strong>Fawry is leveraging the power of embedded finance to open up a new revenue stream, where it doesn\u2019t have to build an expensive new sales team to sell ins.; the company is simply adding a button to a network that 24 mn app users already access. This proves that dominating the distribution channels is just as important as the product itself.<\/p>\n

Earnings snapshot: <\/strong>The EGX-listed fintech giant saw its net income surge 79.8% y-o-y last<\/a>year<\/a> to reach EGP 2.9 bn, while its top line jumped 57% y-o-y to EGP 8.7 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fawry will add ins. services to its massive existing digital payment network<\/p>\n","protected":false},"author":1,"featured_media":695188,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8022],"tags":[72,519,12618,9078],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-695187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nbfs","tag-enterpriseam","tag-fawry","tag-ins","tag-nbfs","wpautop","entry"],"acf":{"mongo_id":"b9680c5a-cd5b-4692-b107-b8e41e54db86","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/2637.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fawry 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