Egypt’s fintech leader Fawry for Banking Technology and Electronic Payments S.A.E has confirmed plans to retain its investment in logistics startup Bosta even after its planned listing on the Egyptian Exchange, signaling confidence in the company’s long-term growth prospects.
Bosta’s planned EGX listing
Fawry CEO and Managing Director Ashraf Sabry, in an intervie,w said the company intends to remain invested following Bosta’s anticipated initial public offering (IPO), reinforcing its strategy of supporting ecosystem players aligned with Egypt’s digital transformation.
Founded in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta has grown into one of Egypt’s leading tech-enabled logistics platforms, offering end-to-end delivery and fulfillment solutions for e-commerce merchants. The company is reportedly preparing to float between 20% and 30% of its shares on the EGX, a transaction expected to raise about EGP 8 billion ($170 million).
Fintech and logistics convergence
Fawry’s continued backing highlights the growing convergence between fintech and logistics in Egypt, where digital payments and online commerce are expanding rapidly. Efficient last-mile delivery has become a critical enabler of e-commerce growth, positioning Bosta as a key infrastructure player in the market.
Beyond its exposure to Bosta, Fawry is also scaling its SME financing, electronic payments, and collections businesses, which Sabry said offer strong growth potential as more businesses transition into the formal digital economy.
Fawry’s broader growth priorities
Since its founding in 2008, Fawry has emerged as one of Africa’s most influential fintech companies, operating a vast payments network that connects nearly 400,000 agents, 36 banks, and millions of users across Egypt.
For Fawry, maintaining its stake post-IPO reflects a long-term value strategy rather than a short-term exit. As Bosta prepares to enter public markets and Fawry strengthens its fintech dominance, the partnership underscores how Egypt’s technology leaders are building complementary platforms to capture sustained growth.
