- Fawry acquires Dirac Systems, a cloud-based provider of HR and accounting solutions for businesses.
- Launch of the new brand Fawry Dirac, focusing on digitizing operations for SMEs, with plans to scale to larger enterprises.
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The deal follows Fawry’s earlier investment in Dirac Systems this year, reinforcing its strategy to expand beyond fintech into enterprise digital solutions.
Fawry, Egypt’s leading digital payments and financial services platform, announced the acquisition of Dirac Systems, a cloud-based company specializing in human resources and accounting solutions for businesses. The financial details of the deal were not disclosed.
Digitizing HR and Accounting in Egypt
Dirac Systems offers advanced digital tools for HR teams to manage workforce operations and ensure full compliance with Egyptian labor laws. In addition, its accounting platform enables companies to streamline financial operations and improve accuracy, while meeting local tax and financial regulations.
Launch of Fawry Dirac
Through the acquisition, Fawry is introducing a new integrated brand, Fawry Dirac, initially targeting small and medium-sized enterprises (SMEs). The focus is on digitizing day-to-day business operations, making them faster and more efficient. In the next phase, the solutions will expand to serve larger corporations through scalable and flexible systems.
Strengthening Fawry’s Enterprise Strategy
The acquisition comes after Fawry’s earlier investment in Dirac Systems earlier this year. This move highlights Fawry’s strategy to go beyond payments and fintech, by offering enterprise-grade digital solutions that support Egypt’s digital transformation.
By combining Fawry’s strong market presence with Dirac’s HR and accounting expertise, the company aims to become a one-stop solution for SMEs and corporates looking to modernize their operations.
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