Africa Angel Investors NetworkMoneyFellows
A fintech startup specializing in digitized rotating savings and credit associations (ROSCAs), commonly known as money circles. It enables users to save and borrow collectively, modernizing a traditional financial system.
Location: Egypt
Website: https://moneyfellows.com/
Sector: Finance
Funding Stage: Seed, Series A, Series B, Pre-Series C,
Total Funding ($m): 49
# of Founders: 1
Founding Year: 2014
Funding Year: 2025
Status: Active
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2019 | $1m | Seed | 500 Global and Dubai Angel Investors |
| 2020 | $4m | Series A | Partech Africa, Sawari Ventures |
| 2022 | $31m | Series B | CommerzVentures, Middle East Venture Partners, Arzan Venture Capital, Invenfin, The National Investment Company, Partech Africa, Sawari Ventures, P1 Ventures |
| 2025 | $13m | Pre-Series C | Al Mada Ventures, Nclude Fund by DPI, Partech Africa and CommerzVentures |
 | Founder & CEO  |