Industry: fintech
Sentiment: Positive
Total Articles: 2
Last Article: 2025-05-05 06:05:00+00:00
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.
Gozem, a super app offering ride-hailing, commerce, vehicle financing, and digital banking in West Africa, has raised $30 million in Series B funding. The company plans to use the funds to bolster its vehicle financing service and expand into new markets across Francophone Africa.