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The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has extended a financing facility worth EGP 550 million to Fawry MSME Finance, the wholly owned subsidiary of Fawry for Banking Technology and Electronic Payments S.A.E., Egypt's leading fintech company.

In a disclosure to the Egyptian Exchange (EGX), Fawry said the financing aims to expand access to funding for micro, small and medium-sized enterprises (MSMEs) across Egypt, reinforcing the company's commitment to promoting financial inclusion and empowering entrepreneurs.

The initiative comes within the framework of the Ministry of Finance's program to integrate informal businesses into the formal economy, enabling them to benefit from the incentives and advantages provided under Egypt's investment-supportive legislation. It also aligns with Egypt Vision 2030 and the country's sustainable development agenda.

EGP 300 Million Allocated for Micro Enterprises

The financing package includes EGP 300 million dedicated to micro enterprises and EGP 250 million allocated to small and medium-sized enterprises, enabling Fawry to expand its financing portfolio and offer tailored funding solutions that meet the needs of businesses operating across various sectors.

Through its digital lending platform, Fawry continues to leverage advanced technology and data-driven credit assessment capabilities to provide fast, accessible financing solutions that help businesses meet working capital requirements, expand operations, and generate sustainable economic value.

Ashraf Sabry, Chief Executive Officer of Fawry, said:

"We are pleased to strengthen our partnership with MSMEDA through this new financing facility, which reflects our shared commitment to supporting Egypt's entrepreneurial ecosystem, advancing financial inclusion, and empowering businesses across the country.

This financing is fully aligned with Fawry's strategy of providing integrated financial and technology solutions that enable entrepreneurs to establish, grow, and scale their businesses, contributing to higher productivity and job creation.

Through our digital lending platform, we will be able to deliver fast, efficient, and easily accessible financing solutions to a larger number of micro, small and medium-sized enterprises across all governorates, supporting the creation of new businesses while helping existing enterprises expand and grow.

In doing so, we aim to enhance the contribution of these businesses to Egypt's economic growth by enabling them to meet the increasing demands of the domestic market.

Our cooperation with MSMEDA also supports the government's efforts to integrate informal businesses into the formal economy. By formalizing their operations, these enterprises will gain access to a broader range of financial services and legislative incentives, while strengthening their ability to expand, enter new markets, and achieve sustainable growth."