The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) has made available a financing line of 550 million Egyptian pounds (EGP), approximately USD 10.7 million, to Fawry MSME Finance, a subsidiary fully owned by Fawry for Banking Technology and Electronic Payments.
This funding includes 300 million EGP for microenterprises and 250 million EGP for small and medium enterprises. It aims to expand access to credit for MSMEs in the country.
Fawry plans to deploy these funds through its digital credit platform, which relies on data-driven risk assessment tools. According to the company, the funding is intended to meet working capital needs and support the development of beneficiary businesses. The agreement also aligns with public initiatives to promote the integration of informal businesses into the formal economy.
In the first quarter of 2026, Fawry recorded a consolidated profit attributable to the shareholders of the parent company of 749.338 million EGP, compared to 605.378 million EGP a year earlier, representing a 23.78% year-on-year increase. During the same period, its consolidated operating revenues reached 2.410 billion EGP, compared to 1.794 billion EGP in the first quarter of 2025.
