{"id":35678,"date":"2022-02-07T13:58:19","date_gmt":"2022-02-07T11:58:19","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&p=35678"},"modified":"2022-02-07T13:58:33","modified_gmt":"2022-02-07T11:58:33","slug":"egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/","title":{"rendered":"Egypt: A new Fund is launched to finance Egyptian fintechs"},"content":"\n \n \n \nEgyptian Fawry, engaged in the provision of payment solutions and digital banking services, has partnered with Misr Capital, the investment banking activity of Banque Misr, to launch Fawry Yawmy, an investment fund focused on fintechs.\n\n \n \n\n\n \n \n \nAccording to the We Are Tech platform, the vehicle will leverage Fawry’s financial technology, its extensive presence in Egypt in the retail segment, as well as fund manager Misr Capital to reach individual investors.\n\n \n \n\n\n \n \n \n\u201cThis strategic alliance with Fawry, which has over 30 million monthly customers, is designed to serve retail investors. Furthermore, it is in line with our publicly announced strategy of developing the Egyptian debt market in cooperation with regulators and major market players, in order to introduce new investors to the market through innovative products.\u201d , commented Khalil El Bawab, managing director of Misr Capital.\n\n \n \n\n\n \n \n \nFawry Yawmy represents the first fund jointly launched by Egyptian unicorn Fawry and Misr Capital. However, this subsidiary of the Egyptian public bank Banque Misr had already joined forces with Elevate Private Equity last April to launch a fund targeting acquisitions in the health sector in sub-Saharan Africa.\n\n \n \n\n\n \n \n \nThe two companies Fawry and Misr Capital have agreed on a minimum investment amount of 500 Egyptian pounds (31.77 USD), in order to further facilitate the entry of retail investors into the Egyptian debt market. For the moment, Fawry and Misr Capital do not give details on the Fintechs in which they intend to invest and on the amounts to be allocated. The two partners are working to convince individuals to invest in this vehicle in order to raise the necessary financing to support the activities of the said fund.\n\n \n \n\n","author":114,"featured_media":35680,"comment_status":"open","ping_status":"closed","template":"","tags":[5754,5751,6329,5805,5818,5824,5840],"location":[5600],"class_list":["post-35678","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-economy","tag-entreprises-2","tag-finance","tag-investment","tag-new-technologies","tag-technology","location-egypt"],"short_url":"https:\/\/bit.ly\/3ryUSqO","have_related_news":"done","chapo":"

The new Fawry Yawmy vehicle is the first joint project between the Egyptian public bank Banque Misr, through its subsidiary Misr Capital, and Fawry. The two partners are looking for individual investors capable of providing the necessary funds.<\/p>","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/02\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs-550x360.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/02\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs-550x360.png 550w","sizes":"550px","alt":"Egypt: A new Fund is launched to finance Egyptian fintechs","width":550,"height":360,"ratio":1.15,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/02\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs-574x658.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/02\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs-574x658.png 1170w","sizes":"1170px","alt":"Egypt: A new Fund is launched to finance Egyptian fintechs","width":1170,"height":658,"ratio":1.15,"credit_photo":""},"acf":[],"yoast_head":"\nEgypt: A new Fund is launched to finance Egyptian fintechs - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"Egyptian Fawry, engaged in the provision of payment solutions and digital banking services, has partnered with Misr Capital, the investment banking\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt: A new Fund is launched to finance Egyptian fintechs - Ecomnews Med\" \/>\n<meta property=\"og:description\" content=\"Egyptian Fawry, engaged in the provision of payment solutions and digital banking services, has partnered with Misr Capital, the investment banking\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Med\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-07T11:58:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/02\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs.png\" \/>\n\t<meta property=\"og:image:width\" content=\"884\" \/>\n\t<meta property=\"og:image:height\" content=\"1014\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/\",\"url\":\"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/\",\"name\":\"Egypt: A new Fund is launched to finance Egyptian fintechs - Ecomnews Med\",\"isPartOf\":{\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/#website\"},\"datePublished\":\"2022-02-07T11:58:19+00:00\",\"dateModified\":\"2022-02-07T11:58:33+00:00\",\"description\":\"Egyptian Fawry, engaged in the provision of payment solutions and digital banking services, has partnered with Misr Capital, the investment banking\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.ecomnewsmed.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt: A new Fund is launched to finance Egyptian fintechs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/#website\",\"url\":\"https:\/\/www.ecomnewsmed.com\/en\/\",\"name\":\"Ecomnews Med\",\"description\":\"Semua informasi ekonomis dalam waktu singkat.\",\"publisher\":{\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ecomnewsmed.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/#organization\",\"name\":\"Ecomnewsmed\",\"url\":\"https:\/\/www.ecomnewsmed.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/ecomewsMedLogoMid.png\",\"contentUrl\":\"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/ecomewsMedLogoMid.png\",\"width\":250,\"height\":250,\"caption\":\"Ecomnewsmed\"},\"image\":{\"@id\":\"https:\/\/www.ecomnewsmed.com\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Egypt: A new Fund is launched to finance Egyptian fintechs - Ecomnews Med","description":"Egyptian Fawry, engaged in the provision of payment solutions and digital banking services, has partnered with Misr Capital, the investment banking","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/","og_locale":"en_US","og_type":"article","og_title":"Egypt: A new Fund is launched to finance Egyptian fintechs - Ecomnews Med","og_description":"Egyptian Fawry, engaged in the provision of payment solutions and digital banking services, has partnered with Misr Capital, the investment banking","og_url":"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/","og_site_name":"Ecomnews Med","article_modified_time":"2022-02-07T11:58:33+00:00","og_image":[{"width":884,"height":1014,"url":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/02\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/","url":"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/","name":"Egypt: A new Fund is launched to finance Egyptian fintechs - Ecomnews Med","isPartOf":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#website"},"datePublished":"2022-02-07T11:58:19+00:00","dateModified":"2022-02-07T11:58:33+00:00","description":"Egyptian Fawry, engaged in the provision of payment solutions and digital banking services, has partnered with Misr Capital, the investment banking","breadcrumb":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ecomnewsmed.com\/en\/2022\/02\/07\/egypt-a-new-fund-is-launched-to-finance-egyptian-fintechs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.ecomnewsmed.com\/en\/"},{"@type":"ListItem","position":2,"name":"Egypt: A new Fund is launched to finance Egyptian fintechs"}]},{"@type":"WebSite","@id":"https:\/\/www.ecomnewsmed.com\/en\/#website","url":"https:\/\/www.ecomnewsmed.com\/en\/","name":"Ecomnews Med","description":"Semua informasi ekonomis dalam waktu singkat.","publisher":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ecomnewsmed.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ecomnewsmed.com\/en\/#organization","name":"Ecomnewsmed","url":"https:\/\/www.ecomnewsmed.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ecomnewsmed.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/ecomewsMedLogoMid.png","contentUrl":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/ecomewsMedLogoMid.png","width":250,"height":250,"caption":"Ecomnewsmed"},"image":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/news\/35678"}],"collection":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/comments?post=35678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/media\/35680"}],"wp:attachment":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/media?parent=35678"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/tags?post=35678"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/location?post=35678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}