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Licensed by Bank Al-Maghrib: Wafacash and Money Fellows Launch a Strategic Partnership at GITEX Africa to Digitize “Daret”
April 13 2026
In a significant step toward enhancing financial inclusion, Money Fellows and Wafacash announced the signing of a strategic partnership to develop the traditional savings circles practice known in Morocco as “Daret,” transforming it into a secure and regulated digital model. The announcement was made during GITEX Africa. This comes after obtaining all the necessary regulatory approvals from Bank Al-Maghrib, giving this innovative service an official and secure status in the Moroccan market.
Money Fellows Achieves $1.5 Billion in Transactions, Leading the Journey from “Traditional Rotating Savings” to Digital Financial Empowerment
October 21 2025
Money Fellows announced that it has exceeded 8 million users, with over 2 million rotating savings groups completed through its application since its launch
Money Fellows Raises $13 Million in Strategic Funding to Enhance Financial Inclusion in Africa
May 6 2025
Money Fellows, Africa’s leading fintech digital platform, has successfully raised $13 million in this new financing round. This strategic extension brings the total amount invested in the company to over $60 million USD since its inception.
Mastercard, Banque Misr and Money Fellows Collaborate to Launch Prepaid Card to Drive Financial Inclusion in Egypt Through Online Money Circles
January 27 2025
Mastercard announced a collaboration with Money Fellows, a mobile app for money circles, also known […]
Network International's Digital Payment Solution to Power New Money Fellows Offering in Egypt
January 8 2025
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has […]
MoneyFellows Raises $31 Million in Series B first closing
October 31 2022
MoneyFellows, one of the leading Egyptian fintech platforms, announces the first close of its Series […]
