MoneyFellows

Sector

FinTech

Money Fellows is an online platform that allows people to form circles on the app to pool money using periodic payments. People form circles from their Facebook friends and commit to a monthly installment, every month one of those peers receives the total installments, as his payout. The circle ends when all participants have received their payout once. It offers up to 10% discounts if participants spend their payouts on purchases from company's commercial partners.

Practice Area

Investment

Operational Area

Savings and Lending

Business Model

Peer to Peer

URL

https://moneyfellows.com

Core Technology

Marketplace

Funding Stage

Series A

Acceleration

Startupbootcamp FinTech