Fawry MSME Finance
Mostafa Rashed is an experienced IT professional with a solid track record in leadership roles within the technology sector. Currently serving as the Head of Information Technology at Fawry Microfinance since August 2020, Mostafa has focused on aligning the IT department with business needs and establishing comprehensive information systems policies. Prior to this role, Mostafa was the ICT Program Manager at Raya Holding for Financial Investments, where leadership was demonstrated in implementing strategic business applications across multiple subsidiaries. Previous positions at Raya International Services, Raya, and Kuwait Computer Company provided a foundation in project management, ERP solutions, and customer-focused support services. Mostafa holds a Master of Business Administration in Globalization from Maastricht School of Management and a Bachelor of Science in Engineering from Cairo University.
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Fawry MSME Finance
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• Fawry MSME Finance is a pioneering digital financing company in Egypt. • Launched in 2018 to provide financial services to micro small and medium enterprises through smart digital solutions. • More than 625 employees are ready to support the Egyptian business ecosystem. • Since its inception, FMSME has disbursed over More than EGP 5 BLN to more than 150.000 Egyptian entrepreneurs. • We operate under a branchless approach to focus on digital innovations and offer the best prices to our customers by eliminating additional operating costs. • FMSME has developed its own loan origination system with a partnership module, allowing our partners to submit loan applications and to track its status. • We created an innovative overdraft solution (Alnota) that is embedded into Fawry POS terminals and mobile apps to facilitate an increase in purchasing power toward our BTB partners.