MoneyFellows Raises $13M to Expand Digital ROSCA Model Beyond Egypt

MoneyFellows Raises $13M to Expand Digital ROSCA Model Beyond Egypt

MoneyFellows Raises $13M to Expand Its Group Savings Model Beyond Egypt Looking for how MoneyFellows is revolutionizing digital savings and why it raised $13 million for expansion? MoneyFellows, a leading fintech company based in Cairo, is redefining group savings through a profitable, debt-free approach to the traditional rotating savings and credit association (ROSCA) model. Unlike many African digital lenders burdened with working capital and loan risks, MoneyFellows has lent billions of Egyptian pounds without taking on debt or balance sheet exposure—an impressive feat that has caught the attention of global investors. Following a successful pre-Series C round, MoneyFellows is now gearing up for regional expansion, signaling a major shift in the African fintech landscape.                Image Credits:MoneyFellows      MoneyFellows’ Innovative Approach to Digital Lending MoneyFellows stands out by digitizing one of the world’s oldest financial systems: the ROSCA model . While most digit…