The Egyptian companies represent a broad range of financial services, from Fawry’s electronic payments and MNT-Halan’s digital lending and consumer finance to Thndr’s investment platform and Valu’s buy now, pay later services. Paymob provides merchant payment acceptance solutions, while Modupay and PaySky focus on payment processing and digital financial infrastructure. Lucky offers credit products and cashback rewards, Sahl enables digital payments for household bills, and Khazna Tech provides digital financial services, including salary advances. Their representation comes as fintech remains the Middle East’s largest investment destination by sector, attracting $708 million across 51 funding rounds in the first half of 2026, according to Wamda data cited by Forbes Middle East.
Fawry’s second-place position reflects its extensive reach in Egypt’s digital payments market, with 55.4 million monthly customers as of June 2026. The company operates through a broad network of payment points and digital channels, serving individuals and businesses with services including bill payments and electronic transactions. MNT-Halan, meanwhile, has expanded beyond lending into digital wallets, prepaid cards, payments, and e-commerce. In June 2026, the company secured investment led by Al Ahly Capital Holding at a reported valuation of $1.4 billion and announced plans to offer 20% of its shares on the Egyptian Exchange through an initial public offering.
Other Egyptian companies on the list have also reported significant operating and funding milestones. Thndr processed $5.6 billion in investment volume during 2025, while Paymob raised $35 million in a pre-Series C funding round in September 2026, bringing its total funding to approximately $125 million. Modupay, formerly known as MDP, recorded $12.3 billion in transaction volume in 2025, representing 110% year-on-year growth. Lucky raised $23 million in a Series B round in April 2026, while Sahl has processed more than one billion transactions since its establishment, reflecting the growing role of digital platforms in everyday financial services.
The 2026 edition includes companies from 10 countries and welcomes 18 new entrants. Forbes Middle East compiled the ranking using criteria including digital transaction volumes, active users, application downloads, geographic reach, growth, innovation, consumer and business impact, investor funding and company valuations. The methodology covers fintech businesses across payments, insurance, digital banking, investment and wealth management, savings, cryptocurrency, lending and personal finance, while excluding platforms owned by exchange houses, traditional banks, telecommunications operators and governments.
Egypt’s third-place position highlights the breadth of its fintech ecosystem, spanning consumer-facing applications and the infrastructure supporting digital financial transactions. With 10 companies represented, including two in the regional top three and four in the top 10, Egypt maintains a significant presence in a sector attracting substantial investment and reshaping how consumers and businesses access financial services across the Middle East.
Source: Forbes Middle East, “The Middle East’s Fintech 50,” published October 8, 2026.
