ACCELERATING THE FUTURE
F6 Featured Company
Money LoopKSA
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Website
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Graduated from
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Funded by
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Demo Day
Overview About Money Loop
Company Brief:
MoneyLoop is a fintech platform that enables micro-loans for the employees of SMEs. MoneyLoop employs the Jamaih model to facilitate these micro-loans, leveraging community savings pools. MoneyLoop is licensed by the Saudi Central Bank (SAMA) under the sandbox.
Product:
Faza’ah Loop (alternative for Micro-loans)
Sa’adah Loop (alternative for Micro-loans)
Flexible Loop (short term saving plan)
Target Market:
KSA.
Industry:
Fintech.
Business Model:
– Commission: $ 375 as an avg. fee on Micro-loan Loops
– Fixed Rate: $ 40 as an avg. fee on all other types of Loops
Target Customer:
– Employees of Private and Governmental entities.
– Average age of 32 years old
– Income range from $ 2K to $ 4k per month