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.
Khazna, an Egyptian fintech startup, has secured $16 million in pre-Series B funding to expand its financial services for low- and middle-income workers. The company plans to apply for a digital banking license in Egypt and expand into Saudi Arabia, aiming to provide affordable financial tools to the underbanked population.