Egyptian fintech company Money Fellows has reached a groundbreaking milestone, surpassing $1.5 billion in total transactions as it continues to redefine traditional savings and lending systems across the region. With over 8 million users and more than 2 million rotating savings groups completed, the platform has successfully digitized Egypt’s popular Rotating Savings and Credit Associations (RoSCA) model, offering a secure, transparent, and modern financial experience to millions. This achievement solidifies Money Fellows’ position as a leader in inclusive fintech innovation, making financial empowerment more accessible than ever.
What makes Money Fellows unique is its integrated financial ecosystem that includes digital savings groups, smart saving solutions, and a prepaid card, all developed in collaboration with Banque Misr under the supervision of the Central Bank of Egypt’s FinTech Regulatory Sandbox. Users can participate in savings circles, pay installments, or receive payouts through multiple channels including bank cards, e-wallets, or the Money Fellows prepaid card—all at zero service fees. This digital transformation has made saving and accessing capital seamless, reliable, and highly efficient for individuals and businesses alike.
The platform currently serves approximately 350,000 monthly active users, has issued over 50,000 prepaid cards, and formed 328 B2B2C partnerships with leading companies and institutions. With more than 40 distribution points across Egypt, Money Fellows is scaling rapidly while maintaining profitability—a key indicator of long-term sustainability and market confidence. Backed by over $60 million from both local and international investors, the company continues to strengthen its position within Egypt’s fast-growing fintech landscape.
Founder and CEO Ahmed Wadi emphasized that Money Fellows is not only transforming financial services but also driving financial inclusion and equity. By digitizing the traditional money circle, the company is providing millions with access to smart financial tools that support both short-term needs and long-term goals. This model empowers users to manage savings, build credit, and access funding transparently, helping to uplift entire communities and enhance financial literacy across the nation.
Money Fellows’ impact extends beyond numbers—it represents a shift toward a more inclusive and sustainable financial future. By combining technology, innovation, and trust, the platform is enabling Egyptians to participate fully in the digital economy, manage their finances more effectively, and improve their financial well-being. This milestone is a clear indicator of how locally developed fintech solutions can revolutionize traditional systems and drive nationwide economic transformation.
