MoneyFellows

Sector

FinTech

Practice Area

Financial Services

Business Model

Personal Finance - Investments

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.

URL

https://moneyfellows.com

Core Technology

Software

Funding Stage

Series A

Acceleration

Startupbootcamp FinTech

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