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Money Fellows has over 4.5. million registered customers on its platform; however, only 7% are month-to-month energetic customers. Money Fellows classifies its users as borrowers, savers or planners relying on where their position is in a ROSCA cycle and when they obtain a payout.
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The fintech additionally features a B2B play where it partners with varied merchants in Egypt to sell their products throughout the app so its clients can get reductions. But with Money Fellows, people have a broader pool of participants - each passing by means of a credit score assessment course of - around Egypt in order that they can form and be part of ROSCA teams by means of its app.