Fawry and Erada Finance Deepen Partnership to Accelerate Digital Financing for SMEs
Fawry, Egypt’s leading fintech company, announced the activation of its official partnership with Erada Finance, a specialist in microfinance and SMEs, in a strategic move aimed at transforming the financing experience in Egypt. The partnership enables beneficiaries to access their financing through Fawry’s nationwide branch network, aligning with the government’s agenda and Egypt’s Vision 2030 to accelerate digital transformation and promote financial inclusion.
This collaboration represents a significant milestone in supporting micro, small, and medium enterprises (MSMEs), allowing Erada Finance beneficiaries to receive funds instantly and securely. The mechanism relies on real-time digital integration, reducing cash-handling risks, easing branch congestion, and accelerating financing cycles.
Hossam Ezz, Chief Commercial Officer at Fawry, said: “Our collaboration with Erada Finance underscores our commitment to MSMEs as a vital pillar of Egypt’s economy. We aim to deliver seamless and secure solutions through Fawry’s extensive channels, enhancing our financial services portfolio while reinforcing Fawry’s role as a technology enabler driving digital transformation across the financial sector.”
Amr Abou El Azm, Co-founder, CEO, and Vice Chairman of Erada Finance, added: “Partnering with Fawry allows us to broaden our reach and provide faster access to financing. Leveraging Fawry’s nationwide network helps us serve a larger customer base and supports Egypt’s financial inclusion strategy, enabling underserved communities to access the funds they need efficiently and conveniently.”
The partnership builds on Fawry and Erada Finance’s shared commitment to empowering Egypt’s digital economy, with Fawry Plus branches serving as integrated financial centers offering collection and cash services. The initiative strengthens SME financing while supporting a secure, inclusive, and sustainable digital economy in line with Vision 2030.
