Rank (formerly Moni)
ActiveGroup Financing for small businesses across Africa.
This company has previously operated under “Moni”. A rename frequently marks a pivot in positioning or product — useful raw material for variant ideas.
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.
Founders · 2
Cofounder & CEO at Moni. Previously worked with The World Bank Group.
Co-founder Moni Africa. Passion for Digital Product, Technology, Block Chain and Financial Inclusion
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