Egyptian fintech firm Money Fellows has achieved a major milestone, recording total transactions exceeding $1.5 billion since its inception. The platform, which has secured over $60 million in funding from both local and international investors, continues to strengthen its position within Egypt’s growing fintech ecosystem.
Money Fellows has now reached over 8 million users, with more than 2 million rotating savings groups successfully completed through its app. The company is recognised as the first in Egypt to offer an integrated digital experience that combines savings groups, smart saving solutions, and a prepaid card.
These services are provided in partnership with Banque Misr and operate under the supervision of the Central Bank of Egypt’s (CBE) FinTech Regulatory Sandbox. Through this collaboration, users can conveniently join savings circles, pay instalments, and receive payouts using a variety of payment methods.
Ahmed Wadi, Founder and CEO of Money Fellows, said: “Through our services, from digital savings groups to smart saving solutions and prepaid cards, we aim to provide simple, real-life solutions that help people save and access financing more flexibly and transparently.”
He added: “The success of Money Fellows is not just measured by numbers, but by the positive impact it creates in people’s lives, enabling millions to achieve their goals and improve their financial well-being.”
Currently, Money Fellows serves approximately 350,000 monthly active users and has issued over 50,000 prepaid cards. The company also operates 40 distribution points across Egypt and has signed 328 B2B2C partnership agreements with leading firms and institutions.
