Money Fellows Achieves $1.5 Billion in Transactions, Empowering Millions through Digital Rotating Savings Innovation

Money Fellows, a pioneering Egyptian fintech company transforming traditional Rotating Savings and Credit Associations (RoSCA) into digital financial solutions, has announced surpassing $1.5 billion in total transactions and reaching over 8 million users since its inception. Through its innovative platform, Money Fellows has completed more than 2 million rotating savings groups, marking a significant step in the evolution of Egypt’s digital finance landscape.

Revolutionizing Traditional Savings with Technology

The announcement was made during a special panel discussion highlighting the company’s journey in digitizing Egypt’s traditional money circle — one of the country’s most trusted informal saving models — into a secure, transparent, and user-friendly financial ecosystem.
Money Fellows stands as the first Egyptian platform to integrate digital savings groups, smart saving solutions, and a prepaid card in partnership with Banque Misr, its main banking partner.

Under the Central Bank of Egypt’s FinTech Regulatory Sandbox, the platform enables users to easily participate in savings circles, pay installments, or receive payouts via bank cards, e-wallets, or the Money Fellows prepaid card, with zero service fees.

Strong Growth and Market Leadership

Currently, the platform serves around 350,000 monthly active users, has issued over 50,000 prepaid cards, and signed 328 B2B2C partnership agreements with leading companies and institutions.
With over 40 distribution points across Egypt and $60 million in funding from local and international investors, Money Fellows continues to strengthen its position as a key player in Egypt’s fintech ecosystem, driving innovation and financial inclusion.

CEO Statement: Financial Technology for Empowerment

Ahmed Wadi, Founder and CEO of Money Fellows, stated:

“At Money Fellows, we believe technology can be a powerful tool to empower communities and promote financial equity. Through digital savings groups, smart saving tools, and prepaid cards, we aim to provide flexible, transparent financial solutions that meet people’s real needs. Achieving profitability reflects our sustainable business model and enables us to expand further.”

He added:

“Our mission aligns with Egypt’s national digital transformation and financial inclusion strategies. The true success of Money Fellows lies not only in numbers but in the positive change we create in people’s financial lives — helping millions achieve their goals and build a more financially aware society.”

Driving Financial Inclusion and Digital Empowerment

By merging savings and financing through its digital RoSCA platform, Money Fellows provides a comprehensive and secure financial experience, helping users save, borrow, and manage their money with ease and confidence.

The Money Fellows prepaid card facilitates deposits, withdrawals, and digital payments without service fees, while offering cashback and retail discounts — a key driver of financial inclusion and digital empowerment across Egypt.

As Money Fellows continues to expand, its mission remains clear: to redefine traditional financial systems into modern, inclusive, and transparent digital experiences — bridging the gap between innovation, trust, and community empowerment.