Why This Egyptian Founder Chose Morocco!

Description

Get Next Wave’s Startup List 2026: https://next-wave.kit.com/04ffde046b — Everyone knows “Daret” in Morocco and more generally in emerging markets. It is a simple way people save & borrow money together. A group contributes a fixed amount regularly, and each month, one member receives the full pot. A few weeks ago, I met Ahmed Wadi, the Egyptian founder who digitized Daret in Egypt with more than 1 million users! We sat down to talk about Money Fellows, and he announced on Next Wave his expansion in Morocco in partnership with Wafa Cash! My conversation with Ahmed is on YouTube and all podcast platforms. ➜ Instagram de Next Wave : https://www.instagram.com/nextwave.ma_/ If you have any feedback or suggestions, feel free to leave us a comment. ▬▬▬▬▬▬▬▬ PLATEFORMES ▬▬▬▬▬▬▬▬ Spotify : https://open.spotify.com/show/71TB2zh... Apple Podcast : https://podcasts.apple.com/us/podcast... ▬▬▬▬▬▬▬▬ TIMELINE ▬▬▬▬▬▬▬▬ 00:00:00 : Introduction 00:01:24 : Who is Ahmed Wadi? 00:04:23 : The Money Fellows idea 00:07:02 : Explaining the concept 00:13:31 : The launch 00:18:58 : Why Egypt was the perfect market to start 00:21:20 : How Money Fellows works 00:26:43 : Problems in the beginning 00:34:25 : How the commission works 00:38:46 : The business model 00:40:24 : Handling payment defaults 00:44:03 : Working with banks 00:45:33 : How to scale 00:48:26 : The regulation part 00:50:47 : When scaling became possible 00:51:46 : Expanding into Morocco 00:58:03 : The vision for next years 01:01:54 : The Egyptian startup scene