Oct 31 (TechCrunch) - Money Fellows, an Egyptian fintech company, has secured $31 million in what it calls the Series B investment's first closure. The business anticipates topping off the investment in the upcoming months. CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital served as the deal's leaders.

Partech, Sawari Ventures, Invenfin, National Investment Company (NIC), 4DX Ventures, and P1Ventures are additional participants as investors. Since its establishment, Money Fellows has raised a total of $37 million in funding.