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      Money Fellows's Logo

      Money Fellows - Series B

      Overview Investors Founders Company Profile / Project Introduction

      Overview

      Funding Date

      October 31, 2022

      Financing amount

      $31M

      Valuation

      --

      Category

      Others

      Subcategory

      Savings

      About Money Fellows - Series B

      Egyptian FinTech company Money Fellows has raised $31 million to diversify its portfolio of services and expand across Africa and Asia.
      The series B round, its fourth funding round since 2018, was led by Germany's CommerzVentures, Middle East Venture Partners and Kuwait's Arzan Venture Capital. South Africa's Invenfin and Kuwait's National Investments Company, as well as existing investors, such as ParTech, Egypt's Sawari Ventures, Africa-focused 4DX Ventures and P1Ventures also participated in the round.

      Investors

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      Fund Germany 2014 4 [email protected]
      Fund Emirate of Dubai -- 1 --
      Fund Kuwait -- 1 --
      Corporate Unknown -- 1 --
      Corporate Unknown -- 1 --
      Fund France 1982 4 [email protected]
      Fund Unknown -- 1 --
      Fund Ghana 2017 2 --
      Fund United States of America -- 3 --

      Founders & Team

      Ahmed Wadi's Logo

      Ahmed Wadi

      Company Profile / Project Introduction

      Money Fellows is a collaborative Group Lending and Savings Platform. It is a trusted and more convenient way of finding and managing Money Circles online, by digitizing the traditional, informal offline ROSCA (Rotating Savings and Credit Association) Model, allowing users to meet their financial and saving needs.

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      *Fundraising Announcement: Click here