MoneyFellows Raises $13M
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MoneyFellows raises $13M to take its group savings model outside Egypt | TechCrunch

83% Informative
Cairo -based fintech firm MoneyFellows has raised $13 million in a pre-Series C round.
The startup lends billions of Egyptian pounds with almost no debt or balance sheet exposure.
Since launching in 2018 , the platform has grown to over 8 million users, up from 45 million at its last milestone.
MoneyFellows plans to launch in Morocco by year-end .
The eight-year-old fintech will compete with other Egyptian digital banks like Lucky , Khazna , and Telda .
The company plans to introduce investment, payroll, insurance and remittance products down the line.
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