MoneyFellows Secures $13M for Regional Expansion Push

Monday, May 5, 2025, 3:20 am

Egypt-based MoneyFellows has raised $13 million in a pre-series C round aimed at powering its group saving platform expansion beyond Egypt. Backed by Casablanca-based investors, the fresh funding bolsters plans for a regional push, including a new operation in Morocco by late 2025, highlighting its strategic ascent in the digital lending space.

Bluesky: @techcrunch.com

techinasia.com / Egyptian fintech firm MoneyFellows nets $13m pre-series C

MoneyFellows plans to expand regionally, with operations in Morocco expected to launch by the end of 2025.

techcrunch.com / 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…

permalink / 2 stories from sources in 5 days ago #fintech #investment #business #asia

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