At a Glance
- Fintech platforms scale payments, credit and investing to serve Egypt’s vast underbanked population.
- Regulatory reforms and capital inflows accelerate fintech expansion across Egypt and regional markets.
- Leading firms process millions of transactions, embedding finance into daily consumer and merchant activity.
Egypt has emerged as one of Africa’s most consequential fintech battlegrounds, where population scale, smartphone penetration, and regulatory reform intersect with deep pools of untapped financial demand.
With more than 60 percent of adults historically underbanked, fintech firms are filling structural gaps long left by traditional banks, powering digital payments, consumer credit, micro-lending, and retail investing at national scale.
The Central Bank of Egypt’s push for financial inclusion, coupled with licensing reforms and interoperability mandates, has accelerated capital inflows into the sector.
Venture funding, strategic acquisitions, and regional expansion are no longer exceptions, they are defining features.
What distinguishes Egypt’s fintech leaders is not just innovation, but execution at scale: platforms processing millions of transactions daily, underwriting billions of pounds in consumer credit, and exporting Egyptian fintech infrastructure across Africa and the Middle East.
From Fawry’s entrenched payments dominance to MNT-Halan’s mass-market credit engine and Paymob’s regional payment rails, these companies sit at the intersection of capital, data, and regulation. Together, they form the financial plumbing of Egypt’s digital economy, quietly reshaping how money moves, how credit is priced, and how wealth is accessed.
Below are ten fintech firms profiled by Shore Africa and defining Egypt’s financial future.
1. Fawry
Founder: Ashraf Sabry is the Founder and CEO of Fawry
Egypt’s most entrenched fintech platform, Fawry processes over 5 million transactions daily, operating nationwide payment rails across utilities, telecoms, banking, and e-commerce. Its scale and regulatory alignment make it systemically important to Egypt’s digital economy. Fawry, currently Egypt’s largest Electronic Payment network, serving 30 million Egyptians and connecting all Egyptian banks. Before Founding Fawry in 2008, Sabry spent 10 years at IBM Egypt and 10 Years at Raya Holding Egypt.
2. MNT-Halan
Founder: Mounir Nakhla is the Founder and CEO of MNT-Halan.
MNT-Halan, Egypt’s first unicorn founded in 2017, is the region’s leading fintech and largest non-bank financial services provider, with a mission to revolutionize access to financial services through technology. A full-stack fintech ecosystem serving the unbanked, MNT-Halan processes $100 million in monthly transactions, combining digital lending, payments, and mobility finance. It has become Egypt’s most aggressive exporter of mass-market fintech.
3. AMAN Group
Founder: Founded in 2019 by Ahmed and Medhat Khalil’s Raya Holding
AMAN Group is a subsidiary of Raya Holding, operating at the intersection of payments, micro-finance, and merchant services. Its nationwide agent network positions it as a critical offline-to-online bridge in Egypt’s inclusion strategy.
4. Valu
Founder: Walid Hassouna – Founder & CEO of VALU, Vice Chairman of EFG EV Fintech, and former Chairman of Paytabs Egypt. Valu dominates Egypt’s buy-now-pay-later segment, embedding consumer credit into retail, healthcare, and lifestyle spending. Its data-driven underwriting has made it a preferred partner for merchants targeting middle-income consumers.
5. Thndr Securities
Founder: Ahmad Hammouda, Co-Founder and CEO of Thndr, Egypt’s largest investment platform
Thndr, founded in 2019, has redefined retail investing in Egypt, offering frictionless access to local and U.S. equities. Its mobile-first brokerage model is expanding capital market participation among younger, first-time investors.
6. Paymob
Founder: Founded by Islam Shawky, Alain El Hajj and Mostafa Menessy in 2013.
Operating across the MENAP region, Paymob provides enterprise-grade payment infrastructure for merchants and banks. Its regional footprint positions it as one of Africa’s most scalable fintech infrastructure plays.
7. Contact Financial Holding
Founder: Hazem Moussa
A veteran in non-bank financial services, Contact blends fintech tools with traditional consumer finance, underwriting auto loans, leasing, and insurance at scale across Egypt’s formal economy. Contact Financial Holding, formerly known as Sarwa Capital Holding for Financial Investments (S.A.E) and changed its name to Contact Financial Holding S.A.E. in March 2021. Contact Financial Holding S.A.E. was founded in 2001 and is headquartered in Cairo, Egypt.
8. Paysky
Founder: Paysky was established by Waleed Sadek in Cairo, Egypt, in 2017
With operations in 18 countries, Paysky exports Egyptian fintech expertise through payment processing, digital banking, and switching solutions, making it one of the continent’s quiet infrastructure champions.
9. Money Fellows
Founder: Founded in 2017 by Ahmed Wadi
Money Fellows is the first Egyptian platform to offer an integrated experience combining digital savings groups, smart saving solutions, and a prepaid card, in partnership with Banque Misr. By digitizing traditional rotating savings groups, Money Fellows formalizes informal finance, unlocking credit access for millions while preserving culturally familiar financial behaviors.
10. Telda
Founder: Founded in April by Ahmed Sabbah
Targeting Millennials and Gen Z, Telda offers a mobile money app with global transaction capabilities, positioning itself as Egypt’s gateway to borderless personal finance.
