Helios makes $25m in profit off Fawry IPO in Egypt
On 8 August, PSI Netherlands Holding BV reported the sale of 36% of the share capital of Fawry for Banking and Payment Technology Service (“Fawry”) through an IPO on the Cairo Stock Exchange, thereby allowing the partial exit of the three main investment funds that control the entity overseeing the Egyptian electronic payment company.
21/10/2019 at 21h37, by Africa Business+
According to information obtained by Jeune Afrique Business+, the partial capital gain generated by Helios Investment Partners is around $25m (€22.5m) based on a four-year commitment.
Recommended articles
New technologies
06/05/2022 at 20h08, by Africa Business+
Paga Group CEO Tayo Oviosu: “Our partnerships with Visa and others make us look beyond Nigeria and Ethiopia”
The head of the Nigerian fintech, which recently launched in its second market in Ethiopia, revealed...
New technologies
15/12/2021 at 19h14, by Africa Business+
Fawry founder Mohammed Okasha completes funding round for DisrupTech Ventures
The founder of Fawry is about to close his first fund dedicated to start-ups.
New technologies
12/04/2021 at 18h23, by Africa Business+
IBM Egypt and Raya Holding alumni lead Ashraf Sabry’s Fawry team
The market capitalization of the Egyptian unicorn, specializing in means of payment and banking technologies...
New technologies
04/01/2021 at 15h39, by Aurelie Benoit
Ashraf Sabry’s Fawry teams up with South Africa’s Tutuka
The South African company which develops payment solutions has just signed a partnership with Fawry,...
Telecoms
07/07/2020 at 16h43, by Valentin Grille
DEG is second reference investor in Helios Towers’ fund-raising
Jeune Afrique Business+ reveals the details.