Kickstarting an industry with Fawry CEO Ashraf Sabry

Kickstarting an industry with Fawry CEO Ashraf Sabry

From Making It by The Enterprise Company

October 14, 2020 · 42 min · Season 3

About this episode

Ashraf Sabry discusses the growth of Fawry, a fintech platform transforming financial access in Egypt.

The majority of Egypt’s population are unbanked and have no access to financial services. Thanks to fintech players like Fawry, this is changing quickly — and for the better. When Ashraf Sabry founded Fawry in 2008, he knew he wanted to leverage his experience and technology in a business that had recurring revenue. Flash forward and, a decade later, Fawry is now a payments platform that connects over 29 mn customers through 166K service points across the country, and can be used for over 850 services ranging from utility bills and school tuition, to traffic fines and insurance.  Ashraf talked to us about building the platform from the idea stage to becoming a major listed company on the EGX with international shareholders. He told us how the company was built with local talent, the company’s early stage challenges, and what’s next for Fawry. ** Subscribe to Enterprise, our 6am briefing on business, finance and economics in Egypt (also free) at www.enterprise.news . Making It is grateful for the generous support of: CIB , Egypt’s number-one private-sector bank and the partner of choice for CEOs and leaders of businesses at all stages of their…

People in this episode

Guest: Ashraf Sabry

Topics covered

  • fintech
  • payments
  • financial services
  • Egypt
  • entrepreneurship

Keywords

  • Fawry
  • unbanked
  • service points
  • EGX
  • local talent

Sponsors

CIB, The United States Agency for International Development

Mentioned in this episode

Products: Fawry

Places: Egypt

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