Leading Egyptian fintech and banking services provider Fawry has announced its acquisition of Dirac Systems, a local B2B SaaS provider. This strategic move results in the formation of a new entity, Fawry Dirac, which will focus on delivering specialized, cloud-based solutions to digitize and optimize business operations for companies across Egypt.
New B2B Solutions For The Egyptian Market
Fawry Dirac is launching with two core platforms designed to address critical business needs while ensuring full compliance with local regulations. The first is Fawry Business Payroll, a cloud-based system that enables HR departments to efficiently manage their workforce and navigate the complexities of Egypt’s Labor Law. The second solution, Fawry Business Accounting, is tailored for accounting teams to improve financial accuracy, streamline operations, and adhere to the country’s tax and financial frameworks.
Targeting SMEs With Enterprise Expansion On The Horizon
The initial focus for these newly launched B2B solutions is Egypt’s small and medium-sized enterprise (SME) sector. By providing accessible and compliant digital tools, Fawry Dirac aims to empower SMEs to enhance their operational efficiency. The company has also announced clear intentions to scale its offerings in the near future, with plans to introduce robust systems capable of serving the demands of large enterprises.
About Fawry
Fawry is a leading digital transformation and E-payment platform in Egypt, offering a comprehensive suite of financial services to consumers and businesses. The company provides a convenient and reliable way to pay bills and other services through a network that includes online, mobile wallets, and retail points.
About Dirac Systems
Dirac Systems is a technology company specializing in cloud-based B2B SaaS solutions. Prior to its acquisition by Fawry, the company focused on developing platforms to help businesses in Egypt manage HR, payroll, and accounting functions with a focus on compliance with local laws and regulations.
Source: Fintechgate
