MoneyFellows Raises $13 Million to Expand Digital ROSCA Model Across Africa and Beyond
MoneyFellows, an Egyptian fintech, raised $13 million to scale its digital platform for Rotating Savings and Credit Associations (ROSCAs). With over 8.5 million users, the company has achieved profitability and plans to expand across Africa and South Asia. It aims to modernize informal savings models while maintaining a lean operation.
