MoneyFellows

MoneyFellows raises $13M to take its group savings model outside Egypt | TechCrunch

MoneyFellows, an Egyptian fintech startup, has raised $13 million in a pre-Series C round to expand its digital rotating savings and credit association (ROSCA) model. The company has achieved profitability by digitizing traditional savings groups, reaching over 8.5 million users without relying heavily on working capital.