MoneyFellows raises $13M to take its group savings model outside Egypt

MoneyFellows raises $13M to take its group savings model outside Egypt

While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian

Money Fellows is continuing its rise in the world of digital financial services. The Egyptian start-up announced a new fund-raising of $13 million. An operation that confirms the momentum of African fintechs to modernise traditional savings practices by strengthening financial inclusion. The Egyptian start-up Money Fellows has just closed a 13 million dollar round table and brings to over $60 million the funds raised since 2016, the year of its …

• Ahmed Wadi: New finance is a pivotal step towards the development of the platform and the expansion of our services to millions of users in Africa. Money Fellows, Africa's leading digital application in financial technology, has raised $13 million in the new financing round, bringing the total investment in the company since its inception to over $60 million. ...Source

With USD 13 M Raise, MoneyFellows Eyes Expansion After Cracking Egypt’s ROSCA Market

Egyptian fintech MoneyFellows has raised USD 13 M in a pre-Series C funding round, marking a key step toward expanding its digital savings platform across North Africa and beyond. The round was co-led by Al Mada Ventures and DPI’s Nclude Fund, with participation from Partech Africa and CommerzVentures, bringing the company’s total funding to over USD 60 M. Founded in 2016 by Ahmed Wadi, MoneyFellows has reimagined the centuries-old rotating savi…

Egypt's MoneyFellows Secures $13M Funding for Digital Money Circles | Fintech InShorts: Latest fintech news, analysis by experts

Revolutionizing Peer-to-Peer Lending and Savings in the Digital Age Highlights: MoneyFellows successfully raised $13 million in funding to expand its digital money circle services. The platform offers a unique approach to peer-to-peer lending and savings, attracting users looking for flexible financial solutions. Investment from leading firms highlights the growing fintech scene in Egypt and the demand for innovative money management tools. Mon…

Egyptian fintech Money Fellows raised USD 13 million during a round-table tour to strengthen its digital platform and expand into new markets, particularly in North Africa, particularly Morocco. The operation was co-led by Al Mada Ventures and DPI Venture Capital via the Nclude Fund, with the participation of...