INVESTMENT WATCH- MoneyFellows announces series A investment round: Fintech startup MoneyFellows is looking to raise EGP 50 mn in its series A investment round to finance expansion in Egypt and other MENA countries, according to an emailed statement. The company plans to rapidly expand its operations in Egypt this year and is looking to enter several other MENA markets in 2020. MoneyFellows is a secure online ‘money circle’ (gameya) platform which enables users to easily connect with each other and collectively save money.

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