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Wednesday, 7 June 2017

Egyptian startup Moneyfellows digitizes the concept of a Gameya

Egyptian Crowdfunding startup Moneyfellows is digitizing the concept of a “Gameya” to make access to interest-free lending easier, Elias Jabbe writes for Wamda. Besides being a fintech platform, Moneyfellows also devised a novel credit-scoring method. “We’ve learned that things like socially scoring people, referrals, vouching, and payroll connecting can build a new era of credit scoring in the region, enabling and empowering financial inclusion,” said founder Ahmed Wadi. Moneyfellows was part of the Barclays Egypt and Flat6Labs’ 1864 fintech startup accelerator.

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