Tag: rosca

In the quest for financial empowerment in underserved communities, technology is emerging as a powerful catalyst for change. Rather than continuing to ignore the need to include financially illiterate communities, industry leaders are urging for wide-spread regulatory changes to break down the barriers to entry for the pariahs of the financial world.

Egyptian FinTech platform MoneyFellows, which offers a mobile-based platform to digitise rotating savings and credit associations (ROSCAs), has closed its Series B funding round on $31m.