MoneyFellows

About

MoneyFellows is a collaborative money management and lending platform digitizing ROSCAs offering users competitive financial solutions.

Cairo,Al Qahirah,Egypt
101 - 250
https://moneyfellows.com

Highlights

Details

Last Funding Type: Debt Financing
Last Funding Money Raised: $1M
Industries: Credit,Financial Services,Software
Founded date: Jan 1, 2018
Number Of Employee: 101 - 250
Operating Status: Active

MoneyFellows is a collaborative group lending and savings platform. MoneyFellows gives individuals access to interest free credit and better saving achievements, all fully powered by just their social network.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$42.10M €15K

MoneyFellows has raised a total of $42.10M €15K in funding over 2 rounds. Their latest funding was raised on Oct 30, 2022 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 30, 2022	Series B	$31M	9	Arzan Venture Capital CommerzVentures Middle East Venture Partners (MEVP)	—	Detail
May 1, 2021	Series A	$5.50M	—	—	—	Detail
Jun 22, 2020	Series A	$4M	2	Partech Sawari Ventures	—	Detail
Aug 4, 2019	Debt Financing	$1M	3	500 Global Dubai Angel Investors	—	Detail
Jan 10, 2018	Seed	$600K	2	500 Global Dubai Angel Investors	—	Detail

Investors

Number of Lead Investors

Number of Investors

9

15

MoneyFellows is funded by 15 investors. Arzan Venture Capital and CommerzVentures are the most recent investors.

Investor Name	Lead Investor	Funding Round
Arzan Venture Capital	Yes	Series B
CommerzVentures	Yes	Series B
Middle East Venture Partners (MEVP)	Yes	Series B
500 Global	Yes	Debt Financing
Dubai Angel Investors	Yes	Debt Financing
4DX Ventures	—	Series B
Invenfin	—	Series B
P1 Ventures	—	Series B
Partech	—	Series B
Sawari Ventures	—	Series B