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Money Fellows has over 4.5. million registered users on its platform; nonetheless, solely 7% are monthly energetic customers. Money Fellows classifies its customers as borrowers, savers or planners depending on the place their position is in a ROSCA cycle and once they obtain a payout.

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

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