50M$ Investments

Egypt-based fintech company Money Fellows, has fundraised up to date $50 M with its Series A & B closing rounds. It has finished its first close of its Series B round with a $31 million investment led by CommerzVentures, MEVP, and Arzan Venture Capital, as well as Invenfin, National Investment Company (NIC), Existing investors Partech, Sawari Ventures, 4DX and P1Ventures also invested in the round. With its exponential growth, Money Fellows is approaching Series C round of $80-100 Million to fund the next scale-up phase and enter emerging international markets along with their product expansion plan. The round will allow Money Fellows to accelerate its growth, and expand its wide financial product offerings across the B2C and B2B segments, as well as fuel its geographical expansion globally.