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MoneyFellows
Egypt · Fintech
MoneyFellows digitizes rotating savings circles for consumers in Egypt.
Product
MoneyFellows turns rotating savings circles into a mobile financial service. Participants contribute agreed amounts over a fixed period, and each member receives the pooled payout at a scheduled point in the cycle.
The platform expands access beyond a person’s immediate social network and manages enrolment, contribution schedules and payouts. Customers use it to plan savings and access funds for expenses such as education, purchases and family goals.
Funding history
3 rounds · 3 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Strategic financing | $13M | Al Mada Ventures — LeadNclude Fund — LeadCommerzVentures — ParticipantPartech — Participant | |
| Series B first close | $31M | Arzan Venture Capital — LeadCommerzVentures — LeadMEVP — Lead4DX Ventures — ParticipantInvenfin — ParticipantNational Investment Company — ParticipantP1 Ventures — ParticipantPartech — ParticipantSawari Ventures — Participant | |
| Series A | $4M | Partech — ParticipantSawari Ventures — Participant |