News Egypt Savings: MoneyFellows raises $13M to take its group savings model outside Egypt
While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure. Now, after raising $13 million in a pre-Series C round led by Casablanca-based Al Mada Ventures and DPI’s Nclude Fund, the Cairo-based fintech says it’s ready to shift from steady growth to regional expansion. The round, which also drew participation from Partech Africa and CommerzVentures, brings the company’s total funding to just over $60 million.
News Egypt Savings: Egypt: Prominent Rights Group Forced to Close
ANHRI’s closure is an immeasurable loss to the Egyptian human rights movement and its international partners,” said Joe Stork, deputy Middle East and North Africa director ...
News Egypt Savings: WATCH: Fractious fan bates furious Queiroz after VAR denies Egypt a match-saving goal
Pharaohs coach Carlos Queiroz was not a happy camper after his team were beaten in an Africa Cup of Nations clash by Nigeria.
