Cairo - Sharikat Mubasher: Fawry MSME Finance, a fully owned subsidiary of Fawry for Banking Technology and Electronic Payments, secured an EGP 250 million financing facility from the European Bank for Reconstruction and Development (EBRD) under EBRD’s Youth in Business program.
Through this facility, Fawry MSME Finance will expand financing to youth-led micro, small, and medium-sized enterprises (MSMEs), the company announced in a press release today.
The funding will be channeled to privately owned MSMEs led or majority-owned by entrepreneurs under the age of 35, with a particular focus on underserved and rural communities.
The program enhances accessibility and affordability of finance through a first-loss risk cover of up to 10%, alongside EU-funded investment grants that provide cash incentives of up to 10% of the loan value for eligible borrowers.
The partnership also includes an EBRD-funded comprehensive technical cooperation package to support program implementation, strengthen operational capacity, and advance gender-responsive lending practices. The program will offer tailored advisory support to accelerate Fawry MSME Finance’s ongoing digital transformation efforts.
Ashraf Sabry, Chief Executive Officer of Fawry, stated that the partnership with the EBRD enables the company to expand its tailored financial solutions for young entrepreneurs across Egypt. “This collaboration aligns with our mission to drive financial inclusion and empower the next generation of business leaders,” he added.
For his part, Mahmoud Arafa, Acting Chief Executive Officer of Fawry MSME, commented: “The facility will help scale our MSME platform to better serve young entrepreneurs with fast, digital financing, while expanding into underserved segments through a combination of funding, risk-sharing, and technology-driven, disciplined growth.”
This facility further strengthens Fawry MSME Finance’s leading position in fintech and inclusive finance, supporting scalable lending to high-potential youth segments while expanding reach into underserved geographies.
