There are plans to use the recently raised capital to hasten Moneyfellows’ growth and the diversification of its portfolio, the report added. fintech financialinclusion
Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $31 million. The funds will be used to finance Moneyfellows’ expansion into other markets as well as accelerate the fintech’s growth.Egyptian fintech startup Moneyfellows recently revealed it had raised $31 million from its Series B funding round which was led by Commerz Ventures, Middle East Venture Partners , and Arzan Venture Capital.
“We are proud to share with our stakeholders and our users the progress and growth which led MoneyFellows to become one of the market-leading fintechs in Egypt, facilitating financial inclusion and digital transformation in the country.” For her part, Hangwi Muambadzi, a partner at Commerz Ventures, commended the Moneyfellows team and expressed her organization’s excitement at partnering with a startup said to be committed to delivering “a transformative solution that will continue to enable millions to achieve their financial goals.”Tags in this story
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round – Emerging Markets Bitcoin NewsUnited Arab Emirates-based venture capital company Global Ventures is one of the new and existing investors that participated in the round. venturecapital fintech
Les mer »
Protective childbirth tattoos found on ancient Egyptian mummiesSome ancient Egyptian mothers got tattoos that were likely meant to protect them during childbirth and during the postpartum period, an analysis of their mummies reveals.
Les mer »
Greek bathhouse found in ancient Egyptian town by Red SeaThe ruins of a 2,200-year-old bathhouse dating to the second half of the third century B.C. have been discovered at Berenike, a town in Egypt by the Red Sea.
Les mer »
Inside Mohamed Al Fayed's friendship with Princess DianaHere's what we know about Mohamed Al Fayed, his friendship with Princess Diana and where he is now.
Les mer »
Another Major Crypto Exchange Is Raising User Concerns: DetailsKuCoin users are concerned about exchange's stablecoin balance kucoin kcs ftx ftt $ftt $kcs
Les mer »