Join 8 million people reaching their biggest milestones without the burden of credit card debt. Secure your next wedding, home down payment, or education goal through interest-free, community-powered savings circles.
Publisher
Category
FinanceDownloads
703K+User Rating
Total Ratings
3K+Locales
1Discover the interface used by 703K+ users.
The tools that make this app stand out, trusted by 703K+ users.
Your funds are fully protected under the Central Bank of Egypt and Banque Misr partnership, ensuring total peace of mind.
Select the exact month you need your cash and the amount that fits your major life goals, from weddings to down payments.
Avoid high-interest credit cards with interest-free circles. Access large sums through a disciplined, social saving model.
Insights from user reviews.
Sentiment Score
Summary
The app receives a predominantly negative reception from users, with many criticizing high administrative fees, untrustworthy practices, and significant delays or failures in payout delivery. Customer service is frequently described as unresponsive and unhelpful, further exacerbating user frustration. Additionally, numerous users report critical technical issues, particularly with app updates not functioning correctly or rendering the app unusable on older iOS devices like the iPhone 6s. While the underlying concept of money circles is praised as a "great idea" by a minority, these positive aspects are largely overshadowed by consistent complaints regarding fees, service, and technical instability.
Common Themes
Everything you need to know about Money Fellows: Online Circles.
Description
Latest Version
8.7.15
Size
108.9 MB
First Released
May 13, 2016
Everything you need to know about Money Fellows: Online Circles
Money Fellows is Egypt's leading personal finance and savings app, trusted by over 8 million users. It offers smart budgeting, goal planning, and secure digital money circles (ROSCA) to help users achieve financial goals.
Yes, Money Fellows is fully licensed and regulated under the supervision of the Central Bank of Egypt. It also operates in partnership with Banque Misr, ensuring secure and transparent financial services for users.
Money Fellows offers flexible installment durations for its circles. Users can choose from 6, 10, or 12-month terms to align with their specific financial plans and objectives.
Users can get a maximum payout of 1,200,000 EGP per circle with Money Fellows. The app allows users to select the desired cash amount for their financial goals.
Yes, Money Fellows charges fees, which are among the lowest in Egypt, starting at 16%. These fees can reduce to zero or become discounted, with potential savings up to 125% for last payout slots.
Money Fellows provides multiple payment options for installments, including the Money Fellows Card, Instapay, Fawry, bank account, and e-wallets. Payments via the Money Fellows Card incur no fees.
Yes, Money Fellows offers up to 20% cashback on its saving program. Users also receive exclusive discounts from top Egyptian brands and cashback when using the Money Fellows Prepaid Card.
The Money Fellows Prepaid Card, powered by MasterCard, enables users to pay installments and receive payouts with zero service fees. It also supports hassle-free online and in-store payments, offering cashback and exclusive discounts.
Yes, Money Fellows is a safe platform. All payouts are guaranteed, and user funds are fully protected under the Central Bank of Egypt’s Regulatory Sandbox. Every transaction is secure and licensed.
Signing up for the Money Fellows app is a fully digital process. Users simply scan their ID, and their contract is delivered to their doorstep, ensuring a convenient and hassle-free onboarding experience.
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