# MoneyFellows

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moneyfellows

- Industry: Financial Services
- Headquarters: New Cairo, Egypt
- Website: www.moneyfellows.com
- Total disclosed funding: $36M
- Latest round: Series B (Oct 30, 2022)
- Investors on record: 12

## About

MoneyFellows Limited, based in Egypt, offers a digital platform for traditional savings and lending practices, empowering users to join money circles for structured saving and financial management.Founded in 2018, MoneyFellows Limited operates from New Cairo, Egypt, providing a digital solution for money circles. The company, led by CEO Ahmed Wadi, has successfully completed 5 deals as of May 2025, including a recent funding round, raising USD 13 mn in pre-Series C funding from investors such as Al Mada Innovation and Development Partners International. The latest funding round included participation from returning investors like Partech and Commerzbank.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%. The platform supports various payment methods, including the Money Fellows Card, credit and debit cards, and e-wallets, aiming to enhance financial inclusion in markets with limited banking services, primarily in Egypt.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. Pricing structures vary based on circle duration and features, rewarding users for engagement and timely payments while ensuring operational integrity through regulatory compliance.In May 2025, MoneyFellows Limited raised USD 13 mn in pre-Series C funding to support its future initiatives. 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.

## Funding rounds

- Series B, Oct 30, 2022, $31M — Partech Partners, Commerzbank, Sawari Ventures, InVenFin, Middle East Venture Partners, Arzan Venture Capital, National Investment Company, 4DX Ventures, P1 Ventures
- Series A, Jun 22, 2020, $4M — Partech Partners, Sawari Ventures
- Seed, Jan 9, 2018, $0.6M — 500 Global, Phoenician Funds, Dubai Angel Investors

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Phoenician Funds (https://capitalatlas.ai/funds/phoenician-funds) — Seed
- Dubai Angel Investors (https://capitalatlas.ai/funds/dubai-angel-investors) — Seed
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A, Series B
- Sawari Ventures (https://capitalatlas.ai/funds/sawari-ventures) — Series A, Series B
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series B
- InVenFin (https://capitalatlas.ai/funds/invenfin) — Series B
- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Series B
- Arzan Venture Capital (https://capitalatlas.ai/funds/arzan-venture-capital) — Series B
- National Investment Company — Series B
- 4DX Ventures (https://capitalatlas.ai/funds/4dx-ventures) — Series B
- P1 Ventures (https://capitalatlas.ai/funds/p1-ventures) — Series B