Money Fellows is a financial technology company that offers digitized money circles, also known as rotating savings and credit associations (ROSCAs). Through its mobile application, users can join money circles with flexible durations of 6, 10, or 12 months. Participants make regular contributions and receive payouts according to a predetermined schedule. The platform supports various payment methods, including the Money Fellows Card, credit/debit cards, pre-paid cards, bank transfers, Fawry, and e-wallets. Users can participate in multiple circles simultaneously, with payouts up to 1,200,000 EGP. The service includes features such as cashback on payouts and discounts on pay-ins. Money Fellows operates under the supervision of the Central Bank of Egypt's Regulatory Sandbox and collaborates with Banque Misr to monitor transactions and user payouts.

Cairo, Cairo Governorate, Egypt

London, UK

MoneyFellows

FinTech

MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative companies run by talented entrepreneurs primarily, but not exclusively, in the Middle East Region with a focus on the GCC and Levant markets. With offices in Beirut, Dubai and Silicon Valley and more than USD 120 million in Assets Under Management, MEVP is the largest and most established VC firm in this region, with clear cross border investment appetite. MEVP has a unique combination of backgrounds and expertise that allows it to partner with innovative entrepreneurs and help them grow and develop, especially in their early stages. We believe that, today, timing is ideal to start companies in our region. The region has a young, middle-class population that is rapidly growing, disposable income is increasing due to economic growth and societies are more aligned with global culture due to higher levels of connectivity. These trends offer opportunities for innovative entrepreneurs to build market-leading ventures. We seek passionate entrepreneurs with young companies or fresh ideas that are innovative in their fields. These innovations could be in their product, service, business model, or value chain. Their differentiated and proprietary edge will allow them to build a great brand, customer loyalty, and a robust, healthy business. We favor the consumer technology, consumer products and consumer services sectors, but also consider ventures in other areas, such as logistics, food processing, and hospitality, among others.

MEVP Capital

MEVP

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