Fawry Acquires Stakes In Three Egyptian Tech Firms For USD 1.6 M

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Fawry Acquires Stakes In Three Egyptian Tech Firms For USD 1.6 M

Egypt’s top digital payments provider, Fawry, has invested EGP 80 M (USD 1.6 M) to acquire majority stakes in three Egyptian tech companies as part of its strategy to expand its business solutions ecosystem. The EGX-listed company now holds 51% of Dirac Systems, 56.6% of Virtual CFO, and 51% of Code Zone. This move aligns with Fawry’s goal of strengthening its “Fawry Business” platform by integrating advanced ERP, financial management, and digit…