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Money Fellows has over 4.5. million registered users on its platform; nevertheless, Play Online Slots only 7% are month-to-month active users. Money Fellows classifies its users as borrowers, savers or planners depending on where their place is in a ROSCA cycle and after they receive a payout.
It costs a one-time service payment of about 6% to users who choose its early spots; the percentage decreases down the line and turns to incentivized curiosity paid to customers at the tip of the cycle.
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>Money Fellows has raised $37 million in total funding since its inception. Egyptian fintech Money Fellows has raised $31 million in what it describes as the first shut of its Series B funding.