M&A WATCH- 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. TPay is a portfolio company of A15. A15’s CEO Fadi Antaki says “to boost [its] growth even more, TPay has moved to acquire the second largest direct billing player in the Egyptian market to become without doubt the number one direct billing company in the region.” The acquisition makes TPay “the sole direct carrier billing company in Egypt and in the Middle East,” Rashad notes. We’re a bit late to this story — the news first broke earlier this month — but are pleased to have stumbled over it.