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Egypt , Thursday 15 October 2026

MoneyFellows raises $13M to take its group savings model outside Egypt

Published on: Sunday 04 May 2025

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 source: https://finance.yahoo.com/news/moneyfellows-raises-13m-group-savings-060500771.html

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