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Money Fellows, a leading fintech platform in Africa, has raised $13 million in a funding round, bringing total investments to over $60 million. The funds will enhance its digital platform and support expansion into new markets, including Morocco, aiming to improve financial inclusion for over 8.5 million users. The investment is co-led by Al Mada Ventures and DPI Venture Capital, with contributions from Partech and CommerzVentures, all focused on modernizing traditional savings and credit systems across the region.
Money Fellows has secured USD 13 million in funding led by Al Mada Ventures and DPI Venture Capital, raising its total investment to over USD 60 million. The funds will be used to enhance its digital platform and expand into North African markets, particularly Morocco, while modernizing traditional savings practices to promote financial inclusion.
Money Fellows, a leading fintech platform in Africa, has raised $13 million in a new funding round, bringing total investments to over $60 million. The funds will enhance its digital platform and support expansion into North Africa, particularly Morocco, aiming to modernize traditional savings and credit systems for over 8.5 million users. The investment is co-led by Al Mada Ventures and DPI Venture Capital, with contributions from Partech and CommerzVentures, all focused on driving financial inclusion across the region.
Ahmed Wadi
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
money fellows secures 13 million funding to boost financial inclusion in africa
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CommerzVentures GmbH
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EGY
Patrick Meisberger
Ahmed Wadi
Cyril Collon
Omar Laalej
Mohamed Aladdin
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14:45 05.05.2025
money fellows secures 13 million to enhance digital savings platform in africa
10:23 05.05.2025
money fellows raises 13 million to expand fintech services in north africa
United States Dollar
MAR
EGY
Patrick Meisberger
Ahmed Wadi
Cyril Collon
Omar Laalej
Mohamed Aladdin
Show more
04:12 05.05.2025
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