In November 2015, a consortium of international financial investors comprising the Egyptian-American Enterprise Fund, the MENA Long-Term Value Fund and Helios acquired a majority stake in Fawry at a purchase price of approximately $100 million. Fawry is a pioneering electronic bill presentment and payment platform. Headquartered in Cairo, Fawry provides users with a secure electronic bill payments solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs, post offices, online and through mobile wallets.