MoneyFellows Secures $13M for Regional Expansion Push
Monday, May 5, 2025, 3:20 am
Egypt-based MoneyFellows has raised $13 million in a pre-series C round aimed at powering its group saving platform expansion beyond Egypt. Backed by Casablanca-based investors, the fresh funding bolsters plans for a regional push, including a new operation in Morocco by late 2025, highlighting its strategic ascent in the digital lending space.
Bluesky: @techcrunch.com
MoneyFellows plans to expand regionally, with operations in Morocco expected to launch by the end of 2025.
While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure. Now, after raising $13 million in a pre-Series C round led by Casablanca-based Al Mada…
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