EIB reinforces investment in Egyptian Fintech Sector
The European Investment Bank (EIB) is looking forward to further collaborations with Egyptian growth companies, and confirming new investment in the region's Fintech ecosystem in the coming months, Vice-President of the EIB, Gelsomina Vigliotti announced.
This came during Vigliotti’s visit to Money fellows, as a part of the EIB's initiative to explore investment opportunities in Egypt, supporting sustainable financial inclusion in the country.
The visit also included prominent private equity leader and key investor in Money Fellows, Sawari Ventures.
"We are glad to see first-hand how we are supporting Money Fellows, a great example for other companies in the Arab region, and a fintech leader that shares our vision for developing individuals’ financial well-being, especially during turbulent economic times,” Vigliotti commented.
Money Fellows is the sole Fintech company in EIB’s visit, which serves as a testament to the company' solid positioning and unparalleled disruption of the Fintech sector. Money Fellows’ digital rendition and innovative approach of the traditional ROSCA model, also known as "Gameya" in the Arab region, enables consumers to access affordable credit and savings, making it an attractive investment prospect.