EG · EGP
Egypt digital banks
Money Fellows is a digital ROSCA / money-circle platform, not a CBE bank. Keep salary at a licensed Egyptian bank. Directories that file it next to CIB are selling a circle as a current account.
1Live on the desk
Regulator
Central Bank of Egypt (CBE); FRA for non-bank finance
Deposit scheme
Egyptian bank deposits follow CBE schemes at licensed banks. ROSCA / payments apps are a different recovery story
In this market
Licence still sits on the product| Product | Score | HQ | Monthly | FX | Users | Licence | |
|---|---|---|---|---|---|---|---|
 Money Fellows | 5.7 | Cairo, Egypt | Circle / product-priced — confirm live | Not the job | ~8 million (app pitch) | Digital ROSCA / money-circle fintech. Not a licensed bank. CBE sandbox language on the store |
Questions
01Is Money Fellows a bank?
No. It is a payments / ROSCA fintech. Contributions in a circle are not a CBE bank deposit. Read the legal entity on the app footer.
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