Use your social media platform to signup and login. We currently support both Facebook and Linkedin signups. More options coming soon.
Depending on our credit assessment, a user will then be able to select a preferred slot and amount. We provide a wide range of circle options for every users to select from.
Once a suitable slot has been found a user can simply pick it and follow on with the next steps like choosing one of our available pay-in and pay-out options.
We offer a range of payment options for every user to select from. Our current supported options are:
Payouts can be redeemed using one of these options:
Our fees are calculated per selected slot. The very first slot being the highest and the last slot being zero.
We offer a wide range of payment options for every user to select from.
Circles you can join with other trusted peers subject to meeting our scoring criteria.
Because we believe very much in our assessment methods, Moneyfellows guarantees payments.
Trusted circles are circles with other participants that are not necessarily within your social graph. Meaning trusted circles are with others that we believe are trusted enough for you to be able to join circles with. Because we believe very much in our screening and assessment methods Moneyfellows will guarantee all pay-ins subject to signing the Moneyfellows legal contract before receiving the payout.
We don’t just offer trusted circles with strangers. You can now manage, track and fully automate your existing money circles with your friends and friends of friends. Create a private circle in 3 simple steps and invite your friends to it.
When comparing doing an offline tradition Gameya vs doing it online with Moneyfellows there are a couple of benefits for you to consider:
Yes, Moneyfellows has been approved by the central bank of Egypt and we are a partner of NBE (National Bank of Egypt).
All payments made through our platform is being controlled and regulated by our banking partner. We never hold our user’s funds in our very own bank accounts. Every user signs the contract that is also counter signed from Moneyfellows obliging us to repay every penny we get (minus our fees) to the designated user.
All users are required to fill minimum requirements to join Trusted Circles, including signing a legal contract and providing valid National ID. Users would also need to authorize payments from either their payrolls (via their employer’s HR or Finance department) or cards.
We charge a small service fee added to the monthly installments. The fee is deduced based on the user’s slot position and circle amount and ranges starting 0% for late slots and up to 5% for early ones. An example for a 5,000 EGP payout circle with 10 members is as follows: