- Fawry invested $1.6 million in three Egyptian fintech startups to expand its digital solutions ecosystem.
- The acquired startups specialize in ERP software, financial services, and business automation.
- This investment strengthens Egypt’s fintech sector and accelerates digital transformation initiatives.
Fawry, Egypt’s largest electronic payment platform, has announced a strategic investment of $1.6 million in three Egyptian fintech startups. The investment aligns with the company’s long-term vision of expanding its digital solutions ecosystem, known as “Fawry Business.”
The three startups—Dirac Systems, Virtual CFO, and Code Zone—will receive equity funding, strengthening Fawry’s presence in the business automation and financial services sectors.
A Strategic Move for Growth
Fawry acquired significant stakes in these companies:
- Dirac Systems: 51% equity stake
- Virtual CFO: 56.6% equity stake
- Code Zone: 51% equity stake
The move enables Fawry to enhance its portfolio of enterprise solutions, offering seamless financial management tools, ERP systems, and advanced digital payment integrations.
Meet the Fintech Innovators
Dirac Systems: Revolutionizing Business Automation
Dirac Systems specializes in Enterprise Resource Planning (ERP) software, helping businesses optimize their operations. Its technology enables organizations to streamline financial management, inventory tracking, and workflow automation, making business processes more efficient.
Virtual CFO: Empowering Financial Management
Virtual CFO offers specialized accounting and financial services, catering to small and medium-sized enterprises (SMEs). The company helps businesses manage their finances, ensuring better cash flow control and regulatory compliance.
Code Zone: Driving Technological Innovation
Code Zone develops software solutions for business management, including CRM, HR, and financial tools. Its products are widely used in the healthcare and enterprise sectors, providing companies with digital transformation solutions.
Leadership Insights
Eng. Ashraf Sabry, CEO of Fawry, stated that the investment reinforces Fawry’s position as a one-stop digital solutions provider. By integrating these startups, Fawry aims to enhance its offerings in ERP, financial management, and fintech innovations for both SMEs and large enterprises.
Mohamed Hamed, CEO of Dirac Systems, expressed enthusiasm about the partnership, stating that the investment will accelerate the company’s growth and enable it to deliver integrated digital solutions to businesses.
Ahmed Farouk, CEO of Virtual CFO, emphasized the impact of the collaboration, highlighting how the partnership will streamline financial operations and electronic invoicing for businesses.
Mohamed Youssef, CEO of Code Zone, noted that the investment will foster technological innovation by combining Code Zone’s software expertise with Fawry’s leadership in digital payments.
The Future of Digital Finance in Egypt
Fawry’s investment is a significant step toward advancing Egypt’s fintech ecosystem. By supporting local startups, Fawry is fostering financial inclusion and accelerating the country’s digital transformation.
With a focus on seamless payment solutions, financial automation, and business management tools, Fawry is positioning itself at the forefront of Egypt’s evolving digital economy.
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Last Updated on February 27, 2025 by Safiya K
