Money Fellows Secures $13M in Latest Funding Round, Surpassing $60M in Total Investment

Money Fellows, one of Africa’s foremost fintech platforms, has successfully closed a $13 million investment round, bringing its total funding to over $60 million since launch. This strategic infusion of capital will accelerate enhancements to its digital platform as the company scales to serve a growing base of 8.5 million users and over 350 partner organizations across local and regional markets.

The round was co-led by Al Mada Ventures (AMV) and DPI Venture Capital through the Nclude Fund, with additional participation from Partech and CommerzVentures—all recognized for backing high-impact innovation across emerging economies. The funding will support Money Fellows’ geographic expansion and push forward its mission to digitally transform traditional financial practices such as saving, borrowing, and investing—making them more accessible, secure, and inclusive.

“Money Fellows is reshaping how people engage with their finances across Africa,” said Ahmed Wadi, Founder and CEO. “We’re empowering individuals—especially in underserved areas—to save, invest, and access credit more efficiently and affordably. This investment strengthens our resolve to deliver fintech solutions that make a real difference.”

The company’s core product is a digital reinvention of the Rotating Savings and Credit Association (ROSCA) model—a centuries-old communal savings practice.

“What impressed us most is how Money Fellows has modernized a deeply rooted financial tradition to serve today’s consumers,” said Omar Laalej, Managing Director at AMV. “It’s creating tangible impact for thousands of Egyptian families, and we’re proud to support their growth into new markets.”

Mohamed Aladdin, General Partner at DPI Venture Capital, echoed this sentiment: “Africa’s fintech future hinges on innovative adaptation of familiar models, and Money Fellows is leading this charge. We’re thrilled to back their expansion across MENA and Sub-Saharan Africa.”

“Their platform blends the trust of traditional saving with the power of modern technology,” said Cyril Collon, General Partner at Partech. “We believe they can drive financial inclusion at an unprecedented scale.”

Patrick Meisberger, Managing Partner at CommerzVentures, added: “Digitizing savings circles isn’t just an upgrade—it’s transformative. Money Fellows is changing financial habits and improving lives.”

Since its founding in 2017 by Ahmed Wadi, Money Fellows has carved out a leadership position in Egypt’s fintech ecosystem. With this new round, the company is now preparing to expand into North African markets, with a strong focus on Morocco, a rising hub for digital financial innovation. The expansion is well-timed with major regional events such as the 2025 Africa Cup of Nations and the 2030 FIFA World Cup, which are expected to accelerate digital finance adoption across the continent.