MoneyFellows
Latest round
- Series B
Last raised
- Oct 2022
Total raised
- $36M
Investors
- 12
About MoneyFellows
Founded in 2018, MoneyFellows Limited operates from New Cairo, Egypt, providing a digital solution for money circles.MoneyFellows Limited specializes in financial services, offering a digital platform for money circles, a modern adaptation of a traditional savings method. Users can join multiple money circles, save in installments, and receive payouts up to 1,200,000 EGP, with potential cashback up to 20%.MoneyFellows generates revenue through transaction fees on its money circle services and potential interest earnings from user contributions. The platform may feature a subscription model for premium services, facilitating peer-to-peer transactions between users and partnering with over 300 businesses to provide financial access to employees. The company plans to hire additional employees and upgrade its digital platform while expanding into North Africa, focusing on Morocco. These strategic moves aim to enhance its service offerings and reach new markets, leveraging recent financial backing to facilitate growth.
Who invested in MoneyFellows
12 investors across 3 rounds
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Questions about MoneyFellows
Who invested in MoneyFellows?
MoneyFellows has 12 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MoneyFellows raised?
MoneyFellows has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did MoneyFellows last raise money?
MoneyFellows's most recent round on record is a Series B, in Oct 2022.
What does MoneyFellows do?
Founded in 2018, MoneyFellows Limited operates from New Cairo, Egypt, providing a digital solution for money circles.
Where is MoneyFellows headquartered?
MoneyFellows is headquartered in New Cairo, Egypt.
Which VCs invest in companies like MoneyFellows?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at MoneyFellows's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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