A folded camera module (100, 200, 1100) comprising: an optical path folding element (OPFE) (102, 208, 1108) for folding light from a first optical path (205, 1105) to a second optical path (206, 1106), the first optical path (205, 1105) being along a first optical axis (205, 1105) and the second optical path (206, 1106) being along a second optical axis (206, 1106); and a lens module (104, 204, 1004, 1104) carrying a lens assembly with a symmetry axis along the second optical axis (206, 1106), characterized in that the lens module (104, 204, 1004, 1104) is designed to move in a first direction and in a second direction orthogonal to the first direction, the first and second directions being in a first plane containing the second optical axis (206, 1106), the first plane being perpendicular to a second plane containing the first (205, 1105) and second (206, 1106) optical paths; wherein the OPFE (102, 208, 1108) is designed to tilt about an axis that is perpendicular to both the second optical axis (206, 1106) and the second plane, wherein the lens module (104, 204, 1004, 1104) movement in the first plane in a direction perpendicular to the second optical path (206, 1106) is for optical image stabilization to compensate for tilt of the camera module (100, 200, 1100) around the second optical axis (206, 1106), wherein the lens module (104, 204, 1004, 1104) movement in the first plane in the direction of the second optical path (206, 1106) is for auto-focus, and wherein the tilting of the OPFE (102, 208, 1108) is for OIS to compensate for undesired tilt of the camera module (100, 200, 1100) about, at least, the axis that is perpendicular to the first (205, 1105) and the second (206, 1106) optical axis. an optical path folding element (OPFE) (102, 208, 1108) for folding light from a first optical path (205, 1105) to a second optical path (206, 1106), the first optical path (205, 1105) being along a first optical axis (205, 1105) and the second optical path (206, 1106) being along a second optical axis (206, 1106); and a lens module (104, 204, 1004, 1104) carrying a lens assembly with a symmetry axis along the second optical axis (206, 1106), characterized in that the lens module (104, 204, 1004, 1104) is designed to move in a first direction and in a second direction orthogonal to the first direction, the first and second directions being in a first plane containing the second optical axis (206, 1106), the first plane being perpendicular to a second plane containing the first (205, 1105) and second (206, 1106) optical paths; wherein the OPFE (102, 208, 1108) is designed to tilt about an axis that is perpendicular to both the second optical axis (206, 1106) and the second plane, wherein the lens module (104, 204, 1004, 1104) movement in the first plane in a direction perpendicular to the second optical path (206, 1106) is for optical image stabilization to compensate for tilt of the camera module (100, 200, 1100) around the second optical axis (206, 1106), wherein the lens module (104, 204, 1004, 1104) movement in the first plane in the direction of the second optical path (206, 1106) is for auto-focus, and wherein the tilting of the OPFE (102, 208, 1108) is for OIS to compensate for undesired tilt of the camera module (100, 200, 1100) about, at least, the axis that is perpendicular to the first (205, 1105) and the second (206, 1106) optical axis.