Money Fellows

Transforming the traditional ROSCA model into a digital experience.

The company offers the Money Fellows card at its branches and through Fawry Plus distribution.

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Money Fellows and Wafacash are partnering to digitize Morocco’s *Daret* savings system, a traditional informal savings method. The collaboration follows Money Fellows’ success in Egypt, where it serves over **1 million users** and operates through **350+ local and regional partners**. The initiative aims to modernize financial inclusion for Moroccan households by leveraging Wafacash’s payment infrastructure.

Apr 2026TechAfrica NewsNews article

Money Fellows processes over **$1.5 billion in transactions** through its fintech platform, serving **8 million users** in Egypt. The company’s app facilitates **2 million Rotating Savings and Credit Associations (RoSCA)**, modernizing peer-to-peer savings models. Its digital approach streamlines group savings and credit distribution for informal financial networks.

Oct 2025CIO AfricaNews article

Money Fellows secures $13 million in a pre-Series C round co-led by Al Mada Ventures and DPI Venture Capital to scale its digital savings platform across Africa. The funding includes participation from Partech and CommerzVentures, bringing the company’s total raised to over $60 million since launch. The Cairo-based fintech targets broader regional expansion with the new capital.

May 2025MENAbytesNews article

Money Fellows secures **$13 million in funding** to scale its financial services platform across Africa. The fintech startup targets broader regional growth, leveraging the capital to enhance product offerings and customer reach. The company operates in Egypt and aims to deepen its footprint in emerging markets through this investment.

May 2025Fintech News AfricaNews article