Rank (formerly Moni)

Group Financing for small businesses across Africa.

Rank (formerly Moni) is a company in fintech based in Lagos, LA, Nigeria; Remote.

Profile

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 positioned in fintech, a segment that rewards a clear, focused offering.

Lagos, LA, Nigeria; Remote is where the company is located.

The company is listed at the Winter 2022 stage of development.

Its team size is recorded as 20 employees.

Website: www.userank.com