23 Oct 2018
Startup Scene ME: A15’S FADI ANTAKI TELLS US WHAT IT’S LIKE CREATING MENA’S FIRST DRAGON
It’s been over a month, but the Cairo headquarters of the tech-focused MENA-based Venture Capital A15 seemed to still be celebrating the region’s first Dragon exit, with office décor hanging above each cubicle around the office in the affluent suburb of Maadi.
On the 17th of September, A15 announced that it successfully sold a 76 percent stake in its Egyptian-yet-UAE-based fintech startup TPAY to Africa’s leading private investment firm Helios Investment Partners.
“TPAY was created from scratch, out of an idea that one of the employees came up with and told us about,” A15’s CEO Fady Antaki tells Startup Scene. Sahar Salama had spent four years working at Link Developments, an A15 subsidiary and a leading technology solution provider, and pitched the idea of starting TPAY to the management.
“We gave her the opportunity to start the business, incubated under one of our companies – under Arpu Plus.” The VC provides a toolkit for employees who wish to launch a startup to have access to a wide range of resources that A15 enjoys in terms of offices and business relations to grow.

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17 Oct 2018 
White & Case Newsroom: White & Case Advises A15 on Sale of Stake in TPAY to Helios Investment
Global law firm White & Case LLP has advised A15, a leading tech investment fund, on its sale of a 76 percent stake in its United Arab Emirates-based fintech company TPAY Mobile FZ-LLC (TPAY) to Africa’s leading private investment firm Helios Investment Partners.
“White & Case has a strong track record advising on tech and private equity transactions, and on M&A deals in the Middle East,” said Dubai-based White & Case partner Marcus Booth, who led the Firm’s deal team. “Our support ensured that A15 successfully completed a landmark deal, becoming the first fund in the Middle East and North Africa to create a Dragon – an investment that returns the entire value of the fund when exited – from one of its investments.”

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١٠ أكتوبر ٢٠١٨ 
MENA FN: الرئيس التنفيذى: 41.4 مليون جنيه استثمارات
‘PERFORMLY’أنطاكى: ضخ 100 ألف دولار فى
لخدمات الموارد البشرية ندرس الاستحواذ على شركات سريعة النمو فى التكنولوجيا والتجارة الإلكترونية
ضخ صندوق الاستثمار التقنى ‘A15 استثمارات بلغ إجماليها 41.4 مليون جنيه فى 3 سنوات، فى حين بلغت إيرادات الصندوق 3 مليارات جنيه العام الحالى.
قال فادى أنطاكى، الرئيس التنفيذى لـ’A15، إن الاستثمارات التى تم ضخها فى شركات ناشئة وصلت لـ41.4 مليون جنيه (2.3 مليون دولار) خلال السنوات الثلاث الماضية.
ومن أهم الاستثمارات الجديدة التى يعمل الصندوق عليها، ضخ 100 ألف دولار (ما يوازى 2 مليون جنيه) كجولة استثمارية ثانية فى شركة ‘PERFORMLY والتى تتيح للشركات خدمات الموارد البشرية HR إلكترونياً عبر قواعد بيانات وبرامج جاهزة.
أضاف أن الصندوق يخطط لاختراق أسواق جديدة فى أفريقيا، وتحديداً فى كينيا، ونيجيريا، ودول آسيوية؛ منها الهند، بجانب التوسع فى الدول التى يتواجد بها، حالياً، ومن بينها مصر، الجزائر، تونس، المغرب، إيطاليا، بنجلاديش، فلسطين، العراق، الكويت، الإمارات، السعودية، وتركيا.

<<لقراءة المزيد


4 Oct 2018
African Law & Business: Egyptian mobile payment company changes hands
Interest in African fintech businesses continues as an Egyptian mobile payment provider changes hands on the private equity market.
A majority stake in Egyptian mobile payments service TPAY Mobile has been purchased by Africa-focused private investor Helios Investment Partners.
Helios acquired 76% of TPAY from Egyptian technology investment fund A15, which will remain a minority shareholder, along with the company’s senior management.
TPAY allows direct carrier billing, connecting businesses with customers who need to make mobile payments, and operates across 16 countries, including Egypt, Algeria, Tunisia, Morocco and Sudan, with nearly half of its transactions coming in Africa.
The company’s co-founder and managing partner, Babatunde Soyoye, said: “A15 and TPAY management have built an outstanding mobile payments platform that is profitable and still has a lot of room for growth in Africa and beyond given its applicability to a wide range of payment types and ease of use.”

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27 Sept 2018
NORTON ROSE FULBRIGHT: Norton Rose Fulbright advises Helios Investment Partners on acquisition of majority stake in Egypt’s TPAY Mobile
Global law firm Norton Rose Fulbright has advised leading Africa-focused private investment firm Helios Investment Partners (Helios) on its acquisition of a 76 per cent stake in TPAY Mobile FZ-LLC (TPAY) from A15, a tech investment fund based in Egypt.
TPAY is a fast growing direct carrier billing provider in the Middle East and North African region. The sellers, A15, and senior management will remain minority shareholders. Cavendish Corporate Finance advises the shareholders of TPAY.
With offices in Cairo and the UAE, TPAY currently operates across 16 countries with almost half of its total transaction volume coming from African markets such as Egypt, Tunisia, Algeria and Morocco. TPAY provides a much-needed mobile payment solution in markets with low banking penetration and high mobile adoption. TPAY gives online merchants access to an addressable market of 673 million potential users, all through a single application programming interface connection. Since its launch, TPAY has processed 622 million transactions.

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21 Sept 2018
Markets Insider: Cavendish Advises on Landmark Transaction
Cavendish Corporate Finance, the specialist sell-side M&A firm, has advised the shareholders and management of MENA-based TPAY on the sale of its majority share capital to London-based African private equity fund Helios Investment Partners.
The deal, which will see Helios buy a 76% stake from venture capital firm A15, is the largest M&A transaction to date in the direct carrier billing sector and highlights Cavendish’s ability to complete cross-border deals outside the UK.

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19 Sept 2018 
Banking Tech: Helios takes a shine to TPAY with majority stake
Helios Investment Partners has acquired a 76% stake in TPAY Mobile, a direct carrier billing provider in the Middle East and North Africa region from A15, a tech investment fund based in Egypt.
It wasn’t total enlightenment as terms of the transaction were not disclosed. A15 and senior management will remain minority shareholders.
Babatunde Soyoye, co-founder and managing partner of Helios Investment Partners, says: “A15 and TPAY management have built an outstanding mobile payments platform that is profitable and still has a lot of room for growth in Africa and beyond given its applicability to a wide range of payment types and ease of use.”

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18 Sept 2018 
Forbes Middle East: A15 Sells 76% Stake In Fintech Startup TPAY To Helios Investment Partners
A15, a tech investment fund based in the Cayman Islands, announced that it has successfully sold its 76% stake in its U.A.E. based fintech startup TPAY Mobile FZ-LLC to Africa-based private investment firm Helios Investment Partners for an undisclosed amount.
TPAY states that it is one of the fastest growing direct carrier billing (DCB) provider in the Middle East and North Africa region (MENA), with an 80% market share of the DCB space. The company is present in 16 countries and has a total reach of 673 million users.
Helios’ investment will reportedly help TPAY to expand into new markets with a focus on Africa and Asia and help it enter new sectors to use DCB.

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18 Sept 2018
VERDICT: Helios Investment Partners acquires 76% stake in TPAY
Private equity company Helios Investment Partners has acquired a 76% stake in TPAY Mobile from Egypt’s A15.
TPAY offers direct carrier billing (DCB) services in the Middle East and North Africa (MENA) region. The financial terms of the deal have not been disclosed.
TPAY focuses on providing mobile payment solution in regions with low banking presence but higher mobile phone usage. Moreover, it has operations across 16 countries.
It utilises the mobile network operator (MNO) billing relationship and collection network to allow the users to buy digital goods. Users do this by paying from their pre-paid balance or adding them into their respective post-paid phone bills.
The company has more than 33 MNO connections across its operating region. Furthermore, it offers the online merchants a prospective market of 673 million users.

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18 Sept 2018 
IBS intelligence: A15 exits fintech startup TPAY with 100% fund value
Cayman-based tech investment fund A15 said it has sold entire 76% stake in fintech startup TPAY to Helios Investment Partners in a full value returning deal.
“Following this transaction, A15 became the first fund in the Middle East and Africa which created a Dragon from one of its investments, TPAY,” said A15. “This exit is the second major exit for A15 in three years after the sale of Otlob, one of the leading regional online food delivery businesses, to Rocket Internet.”
A Dragon is an investment that returns the entire value of the fund when exited.
TPAY is a 4-year old open mobile payment platform with market share at 80% in the DCB space, also known as Direct Operator Billing, across 16 countries, with a total reach of 673 million users. The company had strategic partnerships with GooglePlay, Wargaming, NetDragon, CrossFire, Gameloft, OLX, Open Souq, MBC, iFlix, Abu Dhabi Media and Dubai Channels Network.

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18 Sept 2018
Enterprise THE STATE OF NATION: A15 completes sale of 76% stake in TPAY to Helios Investment
A15 completes sale of 76% stake in TPAY to Helios Investment: Tech investment fund A15 announced yesterday it has sold a 76% stake in its UAE-based mobile payment platform TPAY Mobile to private equity firm Helios Investment Partners. The transaction makes A15 the first in the region to achieve full returns on an investment. “TPAY returned a multiple of the value of the entire A15 Fund to its investors… [which is] very rare in the global tech investment space and a first of its kind in the MENA region.”
Read more >>


١٧ سبتمبر ٢٠١٨
Ahram: “أيه 15” تعلن عن صفقة بيع لـ 76% من شركة “تي-باي” لـ “هيليوس إنفستمنت بارتنرز”
أعلنت “أيه 15” (A15)، وهو صندوق الاستثمار التقني الرائد الذي يتخذ من جزر كايمان مقراً له، اليوم أنه أتمّ بنجاح بيع 76٪ من أسهم شركة TPAY Mobile FZ-LLC “تي-باي” المملوكة للصندوق والتي تعمل في قطاع التكنولوجيا المالية (الفنتك) ويقع مقرّها في الإمارات، وذلك إلى شركة الاستثمار الخاصة الرائدة في إفريقيا، “هيليوس انفستمنت بارتنرز” (“هيليوس”). يذكر أن شركة “تي-باي” هي موفر خدمة الفوترة المباشرة عبر موفري خدمات الهواتف المحمولة (Direct Carrier Billing – ‘DCB’) الأسرع نمواً في منطقة الشرق الأوسط وشمال إفريقيا.
وقد أصبح صندوق “أيه 15” عقب إتمام هذه الصفقة، أول صندوق في الشرق الأوسط وأفريقيا ينتج عن أحد استثماراته شركة تعتبر “دراجون” (Dragon) في قطاع التكنولوجيا عامة والفينتك خاصة، وهي شركة “تي-باي”. و”الدراجون” هو استثمار يعيد القيمة الكاملة للصندوق عند التخارج منه. ومن خلال هذه الصفقة، أعادت “تي-بي” أضعاف القيمة الكاملة لصندوق ” أيه-15″ لمستثمريه، الأمر الذي يعتبر حدثاً نادراً في مجال الاستثمار في التكنولوجيا العالمية والأول من نوعه في منطقة الشرق الأوسط وشمال إفريقيا.
هذا وبعد إتمام عملية الاستحواذ من قبل “هيليوس إنفستمنت بارتنرز”، سيواصل فريق “أيه 15” والفريق التنفيذي الحالي قيادة استراتيجية نمو “تي-باي” وتنفيذها، مسترشدين بتوجيهات المالكين الجدد، علماً أنهم سيحتفظون بنسبة 24٪ من الشركة.

<<لقراءة المزيد


17 Sept 2018 
MAGNiTT: A15 announces the successful sale of a 76% stake in TPAY to Helios Investment Partners
(London/Dubai/Cairo/Lagos 17 September 2018) – A15, a leading tech investment fund based in the Cayman Islands; announced today that it has successfully sold 76% stake in its U.A.E. based fintech company TPAY Mobile FZ-LLC (“TPAY”), to Africa’s leading private investment firm Helios Investment Partners (“Helios”). TPAY is the fastest growing direct carrier billing (“DCB”) provider in the Middle East and North Africa region (“MENA”).
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١٧ سبتمبر ٢٠١٨
Dostor: “تبيع 76% من شركة “تي-باي” لـ”هيليوس إنفستمنت بارتنرز”A 15″
أعلن “أيه 15” (A 15)، وهو صندوق الاستثمار التقني الرائد الذي يتخذ من جزر كايمان مقرًا له، اليوم أنه أتمّ بنجاح بيع 76٪ من أسهم شركة TPAY Mobile FZ-LLC “تي-باي” المملوكة للصندوق والتي تعمل في قطاع التكنولوجيا المالية (الفنتك) ويقع مقرّها في الإمارات العربية المتحدة، إلى شركة الاستثمار الخاصة الرائدة في إفريقيا، “هيليوس انفستمنت بارتنرز” (هيليوس).

يذكر أن شركة “تي-باي” هي موفر خدمة الفوترة المباشرة عبر موفري خدمات الهواتف المحمولة (Direct Carrier Billing – ‘DCB’) الأسرع نموًا في منطقة الشرق الأوسط وشمال أفريقيا.
<<لقراءة المزيد


17 Sept 2018
Finextra: Helios buys majority stake in Tpay
Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, has today announced the acquisition of a 76% stake in TPAY Mobile FZ-LLC (TPAY or the “Company”), a fast growing direct carrier billing (“DCB”) provider in the Middle East and North Africa region (“MENA”) from A15, a leading tech investment fund based in Egypt. Terms of the transaction were not disclosed. A15 and senior management will remain minority shareholders.
With offices in Cairo and the U.A.E, TPAY currently operates across 16 countries with almost half of its total transaction volume coming from African markets such as Egypt, Tunisia, Algeria and Morocco.

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17 Sept 2018 
Fintech Middle East news: 622 Mil Transactions Later, A15 Sells Tpay to Africa’s Helios
Egypt’s A15 has just announced that they’re exiting UAE-based Tpay today, selling off its majority stake to Helios from Africa. Now collectively holding 24% of the stake, A15 along with the current executive team will continue to lead the implementation of Tpay’s expansion phase, with input from its new owners.
Prior to the sale, A15 held a 76% stake in the company.
Established in 2014, Tpay was an early player in the open mobile payment platforms in the region and, today, holds a huge slice of the direct central billing (DCB) space, with availability across 16 countries including the Middle East and North Africa, and serviced total reach of 673 million users.
The has company processed 622 million successful transactions since its launch, and partnered with key regional and international players such as GooglePlay, Wargaming, NetDragon, CrossFire, Gameloft, OLX, Opensouq, MBC, iFlix, Abu Dhabi Media and Dubai Channels Network, among others.

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17 Sept 2018
AVCA Africa: Helios Investment Partners acquires majority stake in TPAY
LONDON, UK, 17th September 2018 – Helios Investment Partners (“Helios”), the leading Africafocused private investment firm, has today announced the acquisition of a 76% stake in TPAY Mobile FZ-LLC (“TPAY” or the “Company”), a fast growing direct carrier billing (“DCB”) provider in the Middle East and North Africa region (“MENA”) from A15, a leading tech investment fund based in Egypt. Terms of the transaction were not disclosed. A15 and senior management will remain minority shareholders.
With offices in Cairo and the UAE, TPAY currently operates across 16 countries with almost half of its total transaction volume coming from African markets such as Egypt, Tunisia, Algeria and Morocco.
TPAY provides a much-needed mobile payment solution in markets with low banking penetration and high mobile adoption. Leveraging the mobile network operator (“MNO”) billing relationship and collection network, it enables consumers to purchase digital goods using their pre-paid airtime balance or post-paid phone bills. TPAY’s business model supports financial inclusion and facilitates digital payments, both of which are top priority government initiatives in TPAY’s markets.

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17 Sept 2018 
The National: Mena fintech Tpay returns 100% of value in investor exit
Cayman Islands-based technology investment firm A15 has sold its 76 per cent stake in Egyptian fintech company Tpay Mobile – the first major fintech exit for the Middle East and North Africa region.
The stake was sold for an undisclosed sum to Helios Investment Partners, one of Africa’s biggest private equity firms with offices in London and Nairobi.
“A15 and TPAY’s management have built an outstanding mobile payments platform that is profitable and still has a lot of room for growth in Africa and beyond given its applicability to a wide range of payment types,” said Babatunde Soyoye, co-founder and managing partner of Helios Investment Partners.

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17 Sept 2018
Mobile Payments Today: Helios Investment Partners acquires majority stake in TPay direct carrier billing firm
Helios Investment Partners, which claims to be the leading Africa-focused private investment firm, has acquired a 76 percent stake in TPay, a direct carrier billing provider in the Middle East and North Africa region, according to a press release.
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17 Sept 2018
Menabytes: A15 sells its stake in fintech startup TPAY with a return that’s multiple of the value of the entire A15 Fund
A15, one of the leading early-stage investors in Egyptian startup has sold 76% stake in the UAE-based fintech startup TPAY to Africa’s leading private investment firm Helios Investment Partners. TPAY, according to the statement is the fastest growing direct carrier billing (DCB) provider in the Middle East and North Africa region (MENA).
A15 claims to have become the first fund in the Middle East and Africa to have created a dragon (an investment that returns the value of the fund when exited) from one of its investments. TPAY has returned a multiple of the value of the entire A15 Fund to its investors.

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17 Sept 2018
DIGITAL BOOM: A15 exits TPAY, sells 76% stake to Helios Investment Partners
A15, a leading tech investment fund based in the Cayman Islands; announced today that it has successfully sold 76% stake in its UAE-based fintech company TPAY Mobile, to Africa’s leading private investment firm Helios Investment Partners. TPAY is the fastest growing direct carrier billing “DCB” provider in the Middle East and North Africa region.
Following this deal, A15 became the first fund in the Middle East and Africa which created a Dragon from one of its investments, TPAY.

Read more >>


17 Sept 2018 
Digest Africa: Egypt’s A15 sells its 76% stake in Dubai’s TPAY to Helios
A15, a tech investment fund, has sold a 76% stake in U.A.E. based fintech company TPAY to Helios Investment Partners. There were no specific monetary details revealed.
According to A15, the sale made it the “first fund in the Middle East and Africa which created a Dragon from one of its investments, TPAY.” By definition, a dragon is a company that returns an entire fund — a “fund maker.” While as unicorns are rare, dragons are 4x rarer.

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17 Sept 2018 
ArabNet: A Dragon Exit: A15 Sells Its 76% Stake in TPAY.
A15, a tech investment fund based in the Cayman Islands, announced today that it has successfully sold 76% stake in its UAE-based fintech company TPAY Mobile to Helios Investment Partners, a private investment firm.
TPAY is a Direct Carrier Billing provider that acquired its competitor DCBEgypt, the second largest Direct Carrier Billing service provider in Egypt, for an undisclosed amount last year. TPAY commands the largest market share at 80% in the DCB space across 16 countries, with a total reach of 673 million users. The company processed 622 million successful transactions since its launch. Through its partnerships with 33 leading mobile operators, the number of successful transactions processed by TPAY grew at a CAGR of 1,081% since its launch.

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17 Sept 2018
Khaleej Times: A15 sells 76% stake in TPAY to Helios.
Sale of regional Fintech Startup returns a multiple of the value of the entire A15 Fund.
Annual growth of 64% outperforms the global annual market growth of 23%.
A15, a leading tech investment fund based in the Cayman Islands, successfully sold 76 per cent stake in its UAE based fintech company TPAY Mobile FZ-LLC (TPAY), to Africa’s leading private investment firm Helios Investment Partners (Helios). TPAY is the fastest growing direct carrier billing (DCB) provider in the Middle East and North Africa region.

Read more >>


17 Sept 2018
ZAWYA: A15 announces sale of a 76% stake in UAE’s TPAY to Helios Investment Partners
Sale of regional Fintech Startup returns a multiple of the value of the entire A15 Fund.
Annual growth of 64% outperforms the global annual market growth of 23%.

Read more >>


3 Sept 2018 
Menabytes: Fintech in Egypt: An overview
Coming from a background in finance, fintech is always close to our hearts. This month we took a look at the emerging fintech sector in Egypt.
Egypt’s a fascinating country and has a startup scene we closely monitor from the GCC. With over 95 million people there’s a huge pool for innovation. Egypt’s fintech sector is especially interesting, providing solutions for billing, payments, lending, and more.

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17 Nov 2017
Fintech Finance: TPAY is Rumoured to be up for Sale by its VC Backers
TPAY, a MENA-based online payments business with its own proprietary platform, is rumoured to have been put on the market by its venture capital owners who are seeking to capitalize on the significant growth achieved since it was founded in 2013, a source close to the deal revealed.
Launched three years ago in a largely unbanked region, TPAY currently has five million subscribers and recently launched with Google Play. The company is forecasting $100m of transaction spend in 2018 and projecting $6m EBITDA in 2018.
TPAY operates in the global, fast-growing payments market with revenues predicted to rise from c.$1.8 trillion in 2014 to c.$2.3 trillion in 2019, according to McKinsey.

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23 Aug 2017
Enterprise THE STATE OF NATION: TPay becomes sole direct carrier billing company regionally following DCBEgypt acquisition
Egyptian direct carrier billing platform TPay has acquired 100% of DCBEgypt, the second largest direct carrier billing platform service provider in Egypt after TPAY, for an undisclosed fee. “TPay’s purchase of DCBEgypt represents the first wholesale acquisition by a fintech company in Egypt,” Wamda’s Radwa Rashad says.
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22 Aug 2017
Wamda: Mobile billing consolidated in Egypt following TPay’s acquisition of DCBEgypt
There are over 95 million SIM cards registered with Egypt’s three mobile networks: Etisalat Misr, Orange (Mobinil previously), and Vodafone.
With this market’s size and high potential, it was a no-brainer that someone would come along and attend to the digital payment needs of the SIM cards’ owners, especially in a country with many Central Bank (CBE) restraints on moving cash around. These include limits on withdrawing and transferring cash, in addition to the difficulties fintech startups face to get a bank license on their own as they must have a bank as an equal partner.
TPAY, the direct carrier billing platform, was the first to capitalize on the opportunity. They created a system that allows mobile phone subscribers to buy digital content such as game subscriptions, videos and ringtones directly via their mobile phone credit/plan instead of using a credit card. Afterwards, TPAY was followed by its competitor DCBEgypt. Now, TPAY has bought a 100 percent stake in DCBEgypt for an undisclosed amount. The two companies are expected to finalize the merging of their operational systems by early September, with no suspension or lag in services provided to users and subscribers in the interim.

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10 août 2017
Agence Ecofin: Egypte: TPay acquiert 100% de DCB Egypt, un fournisseur de services de facturation digitale
La Fintech TPay qui est opérationnelle dans plusieurs pays du Maghreb et du Moyen Orient a, le 8 août 2017, acquis 100% de DCB Egypt, le deuxième fournisseur de services de facturation digitale en Egypte, a-t-on appris d’un communiqué officiel.
Le montant de la transaction n’a pas été divulgué. Mais pour Sahar Salama, PDG de Tpay, cette acquisition permettra à la plateforme de s’étendre, pour « servir davantage de partenaires, et accélérer à un niveau supérieur, les plans de croissance de l’entreprise fondée il y a seulement trois ans ».

Lire Plus>>


8 Aug 2017
Arab Finance: TPAY acquires 100% of DCBEgypt
TPAY, the MENA region’s first and biggest Direct Carrier Billing platform, and one of A15’s portfolio companies, announced today that it acquired 100% of DCBEgypt, the second largest Direct Carrier Billing service provider in Egypt, for an undisclosed amount.
TPAY was among the first Fintech companies in the region to revolutionize digital payments by connecting consumers, businesses and mobile operators using Direct operators billing (DOB) – the highest penetration and most useable mobile payment method. Founded in Jan 2014, TPAY has since then processed over 2.6 billion transactions from across the region.

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7 Aug 2017
DIGITAL BOOM: TPAY Acquires 100% of DCBEgypt
TPay, the MENA region’s first and biggest Direct Carrier Billing platform, and one of A15’s portfolio companies, announced today that it acquired 100% of DCBEgypt, the second largest Direct Carrier Billing service provider in Egypt, for an undisclosed amount.
“It is a very exciting moment for TPay to be able to make its first acquisition after only 3 years of operations, which is a great achievement for any company at this young age.” Said Sahar Salama, CEO of TPAY Mobile. “The acquisition fits our strategic and ambitious growth plans to serve more partners and accelerate moving to the next level in TPAY’s growth plans.” Added Sahar.

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7 Aug 2017 
Menabytes: Fintech startup TPay acquires its competitor: DCBEgypt
TPAY, a fintech startup that is region’s first and largest Direct Carrier Billing platform has acquired its competitor DCBEgypt for an undisclosed amount. DCBEgypt was the second largest Direct Carrier Billing service provider in Egypt.
For those of you who don’t know, Direct Carrier Billing is a payment method that allows users to make purchases online and the payment is charged to their mobile phone bill.
TPAY that was founded in 2014 by Sahar Salama was among the first Fintech startups in the region to revolutionize digital payments by connecting consumers, businesses and mobile operators using Direct operators billing (DOB) – the highest penetration and most usable mobile payment method. Since its launch, the startup has processed over 2.6 billion transactions from across the region.

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4 Sept 2016
Enterprise THE STATE OF NATION: Who’s who in Egypt’s fintech startup scene
The Egyptian fintech scene is growing rapidly, with startups occupying the space in saving and investing, digital payments, and mobile money. Wamda’s Radwa Rashad covers the “who’s who” of the fintech startups included platforms like MoneyFellows, Fawry, Dopay, and TPay.
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