Ibrahim Sarhan: Pioneering Egypt's Digital Payments and Financial Future

Engineer Ibrahim Sarhan is truly one of Egypt's leading figures in technology and digital transformation. He currently serves as the Chairman and Managing Director of the “e-finance for Financial and Digital Investments” Group, a company at the forefront of digital payment infrastructure and financial services. Sarhan brings over 27 years of professional experience from major local and international organizations in telecommunications, information technology, and digital services. This extensive background has made him a prominent name in establishing and growing Egypt's financial technology sector.

Career Path

His career journey began at ICL, where he spent 13 years. During this time, he advanced through various roles, including Sales Manager and Key Account Sales Manager, taking charge of sales planning, forecasting, and managing client relationships. Later, he moved on to work with several other significant entities. He held the position of Department Manager at Raya Integration and served as Sales and Marketing Manager at Triangle Group. In these roles, he was responsible for designing and implementing key strategies for clients in the education and industrial sectors.

Educational Qualifications

Ibrahim Sarhan holds a Bachelor of Commerce degree from Cairo University. He also earned an Executive Management Diploma from Harvard Business School in 2011. Since December 2023, he has been a non-executive board member at First Abu Dhabi Bank – Egypt. Additionally, he holds memberships in several important economic and professional organizations, including the American Chamber of Commerce in Egypt and the Federation of Egyptian Industries.

Leading “e-finance” and Digital Transformation

On June 8, 2005, he was appointed as a board member of the “e-finance” Group. He founded the company, which later grew to become one of the most crucial entities specializing in payment technology and digital financial services in Egypt and the wider region. Sarhan eventually took the helm of the group as Chairman and Managing Director. Under his leadership, e-finance expanded its operations to offer comprehensive solutions for digital payment infrastructure, actively supporting digital transformation initiatives in both government and private sectors.

The Company's Role in Government Payments

The “e-finance” Group plays a vital role in operating and managing government payment systems across Egypt. The company helps digitize electronic collection processes and develops digital payment systems for various government bodies. This crucial role boosts the efficiency of financial transaction management and reduces reliance on cash transactions, aligning perfectly with the state's vision to build a fully integrated digital economy.

Expansion in Digital Financial Services

Beyond its governmental contributions, e-finance has broadened its scope to provide a wide array of FinTech services and solutions. This is particularly true in areas like transaction management and cloud services, which significantly support financial inclusion and expand the reach of digital services to more people.

Group's Financial and Operational Performance

The “e-finance” Group delivered impressive financial results for the period ending June 30, 2024. Revenues climbed by an annual rate of 31.6%, reaching approximately 2.3 billion EGP, a boost driven by the strong performance of its subsidiary companies. e-finance for Financial Facilities Operations Technology alone recorded revenues of about 2.1 billion EGP during the first half of 2024, showing an annual growth of 32.1%. This accounted for roughly 91% of the group's total revenues. Looking at profitability, gross profit increased by 25% to approximately 1.2 billion EGP during the same period. This growth was supported by the strong performance of the transaction management and cloud services sectors, clearly demonstrating the group's robust operational performance and its continuous expansion in the Egyptian market.

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