Money Loop

Active

Money Loop app for running digital rotating savings groups (jamiya)

Riyadh, Saudi ArabiaFounded 2019

Fintech

Unknown

Money Loop is a Saudi app that digitises rotating savings groups: members pay in a fixed monthly amount and take turns receiving the pot. It offers different group types, including cover for missed payments and savings rewards of up to 8%. The company operates within SAMA's regulatory sandbox.

Founders

Saleh Balilah

Co-Founder & CEO

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