Fawry provides funding and acquires minority stake of commerce startup Brimore

EGYPT – Brimore, a social commerce startup, has raised funding from e-payments solutions and banking services provider Fawry, the North African country’s first startup “unicorn”, as part of its upcoming Series A round. Brimore raised a US$3.5 million pre-Series A round last year and has now announced that it has finalised an investment from Fawry, which has acquired a minority stake. Coming as part of Brimore’s upcoming Series A funding round, the investment will also see Fawry leverage its role as a strategic investor to engage, support, and encourage growth…

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Fintech company Fawry tops as most powerful financial technology applications – Forbes MEA

MEA – Fawry, a fintech company, has announced that its application ‘myFawry’ topped the list of the 15 most powerful financial technology applications in the Middle East for the year 2021, according to a report published by Forbes Middle East magazine. According to the report, the mobile application had more than 1.6 million downloads during the past year. “In view of the intense competition in the Egyptian market as the fastest growing market in the Middle East in the field of electronic payment and with the vision of the Egyptian…

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Fawry expands its Heya Fawry initiative to increase women’s access to digital financial services

EGYPT – Fawry, a digital transformation and e-payment network, has announced the expansion of the ‘Heya Fawry’ initiative to increase poor and disadvantaged women’s access to life-enhancing digital financial services and greater economic opportunities. Heya-Fawry is an initiative in collaboration with the Arab women enterprise fund, Baheya, AXA and Unilever to empower women, increase their opportunities in the financial market and help them to climb up the financial inclusion pyramid in Egypt. The expansion was made possible through the cross-sector collaboration between Fawry, Unilever, Lead Foundation and funding support from…

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