Ahmed Wadi

Ahmed Wadi is the Founder and CEO of MoneyFellows, a fintech company based in Egypt that digitizes traditional financial practices known as ROSCAs (Rotating Savings and Credit Associations). The concept for MoneyFellows originated in 2016 while Wadi was living in Germany, where he faced challenges accessing credit due to his status as a newcomer. This experience inspired him to modernize the traditional money-saving model he was familiar with from his home country, Egypt, and make it accessible globally.13

Background and Education

Wadi holds a Master's degree in Information Technology from Technische Universität München and a Bachelor's degree in Computer Science from the University of Stuttgart. His professional background includes roles as a software developer at various companies, including Alpine Electronics and Magneti Marelli, where he focused on creating tools for user management and automation.25

MoneyFellows

Under Wadi's leadership, MoneyFellows has become Egypt's largest platform for ROSCAs, addressing financial inclusion challenges in a cash-centric economy. The platform allows users to save money collectively while providing access to credit in a structured and secure manner. As of 2022, MoneyFellows had raised approximately $11.5 million in funding and was preparing for further expansion into international markets.145

Vision and Impact

Wadi emphasizes the importance of building customer trust and ensuring data security within the fintech space. He aims to educate international investors about the potential of the Egyptian market while expanding MoneyFellows' offerings to include new financial products.13 His journey as an entrepreneur has also included founding previous startups, showcasing his commitment to innovation in technology and finance.1