Tech Company Financing Transactions
Money Fellows Funding Round
On 11/2/2022 12:03:16 PM, Money Fellows raised $31 million in Series B financing from CommerzVentures, 4DX Ventures and Arzan Venture Capital.
Transaction Overview
Company Name
Announced On
11/2/2022 12:03:16 PM
Transaction Type
Venture Equity
Amount
$31,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its growth by diversifying its portfolio of services and expanding its product offerings across the B2C & B2B segments, as well as its geographical expansion across Africa and Asia.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Al Tesein Northen Streen Cairo
Cairo Governorate, 11865
Egypt
Cairo Governorate, 11865
Egypt
Phone
Website
Email Address
Overview
Money Fellows is a collaborative Group Lending and Savings Platform. It is a trusted and more convenient way of finding and managing Money Circles online, by digitizing the traditional, informal offline ROSCA (Rotating Savings and Credit Association) Model, allowing users to meet their financial and saving needs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ahmed Wadi
Chief Operating Officer
Rama ElTohamy
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We report on every notable VC transaction. VC transactions reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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