moneyfellows

Founded in 2016 by Ahmed Wadi, Moneyfellows is a financial technology company that modernizes the traditional concept of a "Gam'eya" or Rotating Savings and Credit Association (ROSCA). The platform allows users to join or create online money circles, where each member contributes a fixed amount monthly, and one member receives the total pooled amount each month until everyone has had their turn. The company's mission is to enhance financial inclusion by providing a secure, transparent, and accessible digital alternative for short-term saving and credit, particularly for individuals with limited access to conventional banking services.