Moni
https://www.ycombinator.com/companies/moni
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.
About
- Year Founded: 2021
- Number of Founders: 2
- HQ: Lekki, Lagos, Nigeria
- Domain: moni.africa
- Email: support@rank.africa
- Industries: Finance, FinTech, Credit, Financial Services
- Tags: banking-as-a-service, fintech, neobank
- Total Funding: 1100000
- Number of Funding Rounds: 3.0
- Last Funding Round Type: Non-equity Assistance
- Last Funding Date: 2024-02-14
- Team Size: 20
- Founder Names: Femi Iromini, Adedapo Sobayo
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Contacts
Femi Iromini
Co-Founder and Chief Executive Officer
email: None
linkedin: linkedin.com/in/femiiromini
Daniels Ekpe
Wealth Manager
email: None
linkedin: linkedin.com/in/otobong-ekpe-82141330
Leke Ojo
Senior Product Manager and Product Design Lead
email: None
linkedin: linkedin.com/in/ojoleke
Adedapo Sobayo
Co-Founder
email: None
linkedin: linkedin.com/in/adesobayo
Cesf Augustine Ucheagwu
Head of Business Operations
email: None
linkedin: linkedin.com/in/augustine-ucheagwu-b0370514
Femi Hanson
Head of Marketing
email: None
linkedin: linkedin.com/in/femi-hanson-1873b061
Olayinka Olayokun
Marketing and Communications Manager
email: None
linkedin: linkedin.com/in/olayokunyinka
Babatunde Adebajo
Retail Lead
email: None
linkedin: linkedin.com/in/babatunde-adebajo-68b38846
Ozioma Orji
Lead, Customer Experience
email: None
linkedin: linkedin.com/in/ozioma-jerry-orji
McIlrm Egboka Nnamdi
Sme Loan Officer
email: None
linkedin: linkedin.com/in/egboka-nnamdi-mcilrm-924b3445