Egyptian fintech platform MoneyFellows has secured $4 million in series A investment from venture capital firms Partech and Sawari Ventures.

MoneyFellows is a financial enabler that digitises the money circles or ROSCA model (known as gam’eyas in the Arab world, chit funds in India, committee in Pakistan, tandas in Mexico, and tontine in West and Central Africa). This allows users to more effectively manage and fulfil their financial needs.

Currently, MoneyFellows has more tha...