TL;DR: Rank (formerly Moni) is a Y Combinator Winter 2022 startup Group Financing for small businesses across Africa., currently active with a team of 20.
Group Financing for small businesses across Africa.
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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.
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Yes. Rank (formerly Moni) was funded by Y Combinator in the Winter 2022 batch. Group Financing for small businesses across Africa.
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.…
Rank (formerly Moni) was part of Y Combinator's Winter 2022 batch.
Rank (formerly Moni) has a team of 20 people according to Y Combinator's directory.
Rank (formerly Moni) is currently listed as Active with a team of 20 in Y Combinator's directory.
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