{"id":634268,"date":"2018-01-10T04:02:16","date_gmt":"2018-01-10T04:02:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/"},"modified":"2018-01-10T04:02:16","modified_gmt":"2018-01-10T04:02:16","slug":"moneyfellows-raises-usd-600k","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/","title":{"rendered":"Moneyfellows raises USD 600k"},"content":{"rendered":"

Fintech startup Moneyfellows raised USD 600k from Dubai-based Angel Investors and 500 Startups, according to Forbes Middle East<\/a>. Moneyfellows, who we reported on last summer<\/a>, makes its money by charging a small fee upon withdrawal and currently has 2,600 users in roughly 240 \u201cmoney circles.\u201d This latest round of funding brings Moneyfellows total amount raised to USD 800k.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fintech startup Moneyfellows raised USD 600k from Dubai-based Angel Investors and 500 Startups, according to Forbes Middle East. Moneyfellows, who we reported on last summer, makes its money by charging a small fee upon withdrawal and currently has 2,600 users in roughly 240 \u201cmoney circles.\u201d This latest round of funding brings Moneyfellows total amount raised […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634268","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"596666b3-edbc-42f6-9401-57f3cd56d92c","order":"0","is_powered_by":true,"section_story_id":"0c18d55c-900f-488e-ac3c-67a490ff90d3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634232],"teaser":"","voice_url":""},"yoast_head":"\nMoneyfellows raises USD 600k - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moneyfellows raises USD 600k\" \/>\n<meta property=\"og:description\" content=\"Fintech startup Moneyfellows raised USD 600k from Dubai-based Angel Investors and 500 Startups, according to Forbes Middle East. Moneyfellows, who we reported on last summer, makes its money by charging a small fee upon withdrawal and currently has 2,600 users in roughly 240 \u201cmoney circles.\u201d This latest round of funding brings Moneyfellows total amount raised […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-10T04:02:16+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Moneyfellows raises USD 600k\",\"datePublished\":\"2018-01-10T04:02:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/\"},\"wordCount\":59,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/\",\"name\":\"Moneyfellows raises USD 600k - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-01-10T04:02:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Moneyfellows raises USD 600k\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Moneyfellows raises USD 600k - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/moneyfellows-raises-usd-600k\/","og_locale":"en_US","og_type":"article","og_title":"Moneyfellows raises USD 600k","og_description":"Fintech startup Moneyfellows raised USD 600k from Dubai-based Angel Investors and 500 Startups, according to Forbes Middle East. 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The web and mobile-based crowdfunding platform, which recently raised USD 600k in seed funding from Dubai-based Angel Investors and 500\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601700,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/moneyfellows-announces-egp-50-mn-series-a-investment-round\/","url_meta":{"origin":634268,"position":1},"title":"MoneyFellows announces EGP 50 mn series A investment round","author":"enterpriseam admin","date":"7 March 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646194,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egyptian-startup-moneyfellows-digitizes-the-concept-of-a-gameya\/","url_meta":{"origin":634268,"position":2},"title":"Egyptian startup Moneyfellows digitizes the concept of a Gameya","author":"enterpriseam admin","date":"7 June 2017","format":false,"excerpt":"Egyptian Crowdfunding startup Moneyfellows is digitizing the concept of a \u201cGameya\u201d to make access to interest-free lending easier, Elias Jabbe writes for Wamda. Besides being a fintech platform, Moneyfellows also devised a novel credit-scoring method. \u201cWe've learned that things like socially scoring people, referrals, vouching, and payroll connecting can build\u2026","rel":"","context":"In "ON YOUR WAY OUT"","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572354,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/egyptian-fintech-startup-moneyfellows-raises-usd-4-mn-in-series-a-round\/","url_meta":{"origin":634268,"position":3},"title":"Egyptian fintech startup MoneyFellows raises USD 4 mn in series A round","author":"enterpriseam admin","date":"22 June 2020","format":false,"excerpt":"STARTUP WATCH- Egyptian fintech startup MoneyFellows has raised USD 4 mn in series A funding from Sawari Ventures and Partech, according to an emailed statement (pdf). MoneyFellows plans to use the funds to finance its expansion in Africa, as well as the roll-out of a \u201cslew of new products in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553634,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/31\/moneyfellows-raises-usd-31-mn-in-series-b-funding\/","url_meta":{"origin":634268,"position":4},"title":"MoneyFellows raises USD 31 mn in series B funding","author":"enterpriseam admin","date":"31 October 2022","format":false,"excerpt":"MoneyFellows closes bumper series B round: Egyptian fintech startup MoneyFellows has raised USD 31 mn in a series B funding round, it said in a statement(pdf) yesterday.Who invested: The round was led by CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital. Invenfin, National Investment Company (NIC) and existing\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595726,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/fintech-startup-moneyfellows-raises-over-usd-1-mn-in-pre-series-a-funding\/","url_meta":{"origin":634268,"position":5},"title":"Fintech startup MoneyFellows raises over USD 1 mn in pre-series A funding","author":"enterpriseam admin","date":"5 August 2019","format":false,"excerpt":"STARTUP WATCH- Fintech startup MoneyFellows has raised over USD 1 mn in pre-series A funding from 500 Startups and Dubai Angel Investors \u2014 both of which invested in its seed round last year, the startup told Menabytes. 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