Fawry: Fawry is an Egyptian digital payments platform that allows users to pay bills, purchase goods and services, and transfer money online. The company has seen tremendous growth in recent years and went public in August 2019, raising over $100 million in its initial public offering (IPO).
Paymob: Paymob is a mobile payments company that provides online payment solutions for businesses and individuals in Egypt and other countries in the Middle East and North Africa (MENA) region. The company has raised over $20 million in funding to date and has partnerships with several major banks in Egypt.
MoneyFellows: MoneyFellows is a digital platform that allows users to save money and access credit through a rotating savings and credit association (ROSCA) model. The company has raised over $4 million in funding to date and has attracted over 1 million users.
Halan: Halan is a ride-hailing and logistics platform that also provides mobile wallets and other financial services to users in Egypt and other countries in Africa and the Middle East. The company has raised over $26 million in funding to date and has partnerships with several major banks and financial institutions in Egypt.
Telda: Telda is a mobile banking platform that provides users with access to a range of financial services, including online payments, bill payments, and money transfers. The company has raised over $5 million in funding to date and has attracted over 100,000 users since launching in 2020.
fastest-growing fintech companies in Egypt
As of my knowledge cutoff date of September 2021, there were several fast-growing fintech companies in Egypt: