Rank (formerly Moni)
Group Financing for small businesses across Africa.
About
Moni finances small businesses in groups across Africa. The collective responsibility of the group serves as a collateral on the loan while the social pressure from the members ensures on-time repayment. There are over 44million SMBs in Africa. We launched 7 months ago and we already have $72k MRR growing at 50% MoM. We achieved 99% repayment on 11,000 units of loans with over $5M disbursed. This is 15 times higher than most financial services in Africa. Femi (CEO) worked previously with the World Bank with a focus on financial services while Dapo (CTO) led the development of the technology for one of the largest digital lending apps We are also backed by Y Combinator(W22), Magic Fund, Ventures Platform, Voltron Capital and more. Rank (formerly Moni) is a Y Combinator company (Winter 2022). YC-listed status: Active.
- Website
- userank.com
- Location
- Lagos, LA, Nigeria; Remote
- Added via
- web
- Ownership
- unclaimed
Where to go
Products
- Rank — CBN-regulated community money app for group savings, investing, and wealth building in Africa. · App
Links
- Y Combinator profileycombinator