Cairo – Sharikat Mubasher: Egypt-based fintech Money Fellows raised $13 million in a new funding round, bringing its total investment to over $60 million since its launch in 2017.
The fresh capital will help the company enhance its platform and accelerate regional expansion, particularly as it now serves more than 8.5 million users and partners with over 350 local and regional entities, according to a press release.
The round was co-led by Al Mada Ventures (AMV) and DPI Venture Capital via the Nclude Fund, with continued support from Partech and CommerzVentures. Investors praised the startup’s ability to modernize traditional ROSCA (Rotating Savings and Credit Association) models, offering secure and inclusive financial services to underserved communities.
Ahmed Wadi, Founder and CEO of Money Fellows, said the new funding reinforces their mission to empower individuals, especially in underserved regions, to save, borrow, and invest more effectively. “This investment is a testament to our impact and vision,” he added.
With an eye on North Africa, especially Morocco, Money Fellows is positioning itself for growth ahead of regional events like the 2025 Africa Cup of Nations and the 2030 FIFA World Cup, which are expected to accelerate digital adoption across the continent.
