#72 - Ahmed Wadi - Money Fellows - From Egypt to Morocco

<p>Everyone knows “Daret” in Morocco and more generally in emerging markets.</p><p>It is a simple way people save &amp; borrow money together. A group contributes a fixed amount regularly, and each month, one member receives the full pot.</p><p>A few weeks ago, I met Ahmed Wadi, the Egyptian founder who digitized Daret in Egypt with more than 1 million users!</p><p>We sat down to talk about Money Fellows, and he announced on Next Wave his expansion in Morocco in partnership with Wafa Cash!</p><p>My conversation with Ahmed is on YouTube and all podcast platforms.</p><p>➜ Instagram de Next Wave : https://www.instagram.com/nextwave.ma_/ </p><p>If you have any feedback or suggestions, feel free to leave us a comment.</p><p>▬▬▬▬▬▬▬▬ PLATEFORMES ▬▬▬▬▬▬▬▬ </p><p>Spotify : https://open.spotify.com/show/71TB2zh... </p><p>Apple Podcast : https://podcasts.apple.com/us/podcast...</p><p> ▬▬▬▬▬▬▬▬ TIMELINE ▬▬▬▬▬▬▬▬ </p><p>00:00:00 : Introduction</p><p>00:01:24 : Who is Ahmed Wadi?</p><p>00:04:23 : The Money Fellows idea</p><p>00:07:02 : Explaining the concept</p><p>00:13:31 : The launch</p><p>00:18:58 : Why Egypt was the perfect market to start</p><p>00:21:20 : How Money Fellows works</p><p>00:26:43 : Problems in the beginning</p><p>00:34:25 : How the commission works</p><p>00:38:46 : The business model</p><p>00:40:24 : Handling payment defaults</p><p>00:44:03 : Working with banks</p><p>00:45:33 : How to scale</p><p>00:48:26 : The regulation part</p><p>00:50:47 : When scaling became possible</p><p>00:51:46 : Expanding into Morocco</p><p>00:58:03 : The vision for next years</p><p>01:01:54 : The Egyptian startup scene</p><p><br></p>