#Arzan Venture Capital
Money Fellows, a leading Egyptian fintech platform, has succeeded in raising EGP 696 million (USD 31 million) in a Series B funding round on 30 October 2022. This is an impressive leap from its previous Series A funding round which raised EGP 63 million (USD 4 million) in 2020. Founded in 2016 by its Chief Executive Officer Ahmed Wadi, Money Fellows is a mobile application that digitizes the concept of ‘money circles’, colloquially known as a gam’eya (union) in Egypt…
