Others

Series B

Series A

Africa

London

Tope Lawani

Babatunde Soyoye

Helios Investment Partners: A significant player in technology funding. Find detailed insights on Lucidity Insights.

Helios Investment Partners

Helios is an Africa-focused private investment firm led by a predominantly African team, managing funds totalling $3.0 billion.

Lagos

PE Round

Interswitch

Fintech

Finance

Payment

Interswitch is an integrated digital payments and commerce company designed to make payments an easy and enjoyable experience.

Cairo

Pre-IPO

Fawry

Fawry provides electronic payment solutions and digital  to individuals and businesses that's available through a network of over 100,000 payment points.

Paymob

Payments

Mobile Payments

Financial Services

Paymob is a digital Payment enabler for emerging markets, helping small and large enterprises accept Payment online and in-store.

SeamlessHR

SaaS

Payroll

Artificial Intelligence

Artificial Intelligence (AI)

One Software, Endless HR Possibilities.
Streamline HR processes with a modern all-in-one HR software that leaves nothing out of the cycle; from employee recruitment, onboarding, retention to exit.

A consortium of international investors has taken an 85 percent stake in Egyptian electronic bill presentment and payment platform Fawry for $100 million.

The consortium - comprising of the Egyptian-American Enterprise Fund (EAEF), Helios Investment Partners (Helios acting on behalf of funds it advises) and the MENA Long-Term Value Fund (MENA LTV) - announced the acquisition yesterday.

Helios now owns the lion’s share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent.

The International Finance Corporation (IFC) acquired 18 percent of Fawry’s shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company.

IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry’s management.

“The two organizations will remain stakeholders,” said Fawry CEO Ashraf Sabry. “Currently, they have no intention of an exit, and we also have no intention of going public before at least five years.”

The arrival of new investors would not affect the company’s management structure, he added.

Founded in 2008, Fawry is Egypt’s first and largest electronic payment network.

Fawry earned $26.8 million (210 million Egyptian pounds) in 2014 after serving more than 15 million Egyptian customers.

Today, more than 1.3 million payment transactions are performed daily on Fawry with 50,000 distributors over more than 300 cities and districts all over Egypt.

Helios Investment Partners

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Helios Investment Partners

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 11 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments