MoneyFellows, a Cairo, Egypt-based fintech startup, raised $13m in funding.
The round was co-led by Al Mada Ventures and Development Partners International (DPI)’s Nclude Fund, with participation from Partech Africa and CommerzVentures.
The company intends to use the funds to expand operations and its business reach in the region.
Led by Ahmed Wadi, founder and CEO, Money Fellows provides people with an app to save, borrow, and invest their money, The company is now involved in scaling fast—expanding beyond Egypt and launching new financial products. Regulated by the Central Bank of Egypt, they combine community-driven finance with tech tools to empower users with secure financial solutions. The company has also launched the Money Fellows Card, which can be used for a variety of transactions, including settling your pay-ins, receiving payouts, making purchases online or in-store, depositing and withdrawing cash from any ATM.
FinSMEs
07/05/2025