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Money Fellows has over 4.5. million registered customers on its platform; nevertheless, solely 7% are monthly lively users. Money Fellows classifies its customers as borrowers, savers or planners relying on where their place is in a ROSCA cycle and when they receive a payout.

It prices a one-time service payment of about 6% to users who select its early spots; the proportion decreases down the line and turns to incentivized interest paid to customers at the top of the cycle.

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Mar 26, 2024 - Play Online Slots for Real Money: Best Games & Casinos | March 2024 Online slots are extra in style than ever. The fintech additionally includes a B2B play the place it companions with numerous merchants in Egypt to promote their products inside the app so its clients can get reductions. But with Money Fellows, people have a broader pool of participants - every passing through a credit assessment course of - round Egypt in order that they'll kind and join ROSCA teams by means of its app.

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>Money Fellows has raised $37 million in total funding since its inception.