What does MoneyFellows do?
MoneyFellows is a fintech startup that offers an app for saving, borrowing, and investing money. The company also provides the Money Fellows Card for various transactions, combining community-driven finance with modern technology to deliver secure, regulated financial solutions under the oversight of the Central Bank of Egypt.
How much did they raise?
The company raised $13M in a funding round co-led by Al Mada Ventures and Development Partners International’s Nclude Fund, with participation from Partech Africa and CommerzVentures.
What are their plans for the money?
MoneyFellows plans to use the funds to expand its operations beyond Egypt, launch new financial products, and broaden its business reach in the region, potentially transforming how users manage their finances.
What have they achieved so far?
The startup has already made strides by launching the Money Fellows Card and establishing itself as a regulated fintech leader with innovative solutions in the financial sector.
