Rank (formerly Moni)
YC W22 · Active · Group Financing for small businesses across Africa.
Competitors
| Company | Category | Status | Program |
|---|---|---|---|
 JenfiShared: banking as a service, repayment, financingActiveOther | Other | Active | YCW20 |
 PayhippoShared: africa, loan, smallActiveOther | Other | Active | YCS21 |
 AellaShared: banking as a service, africa, financialActiveAI | AI | Active | YC +1W17 |
 DayraShared: banking as a service, loan, financialActiveOther | Other | Active | YCW21 |
Adjacent
| Company | Category | Status | Program |
|---|---|---|---|
 ClickPeShared: repayment, loan, smallActiveOther | Other | Active | YCW23 |
 NashShared: banking as a service, africa, financeActiveOther | Other | Active | YCW22 |
 OneFinShared: financing, loan, financialActiveDevtools | Devtools | Active | YCW17 |
 CredPalShared: africa, credit and lendingActiveOther | Other | Active | YCW19 |
 TransfezShared: neobank, smallActiveOther | Other | Active | YCW22 |
Also from W22
All of W22
About Rank (formerly 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.
- YC batch
- W22 · Winter 2022
- Status, per YC
- Active
- Category
- Other
- Team size
- 20
- Location
- Lagos, LA, Nigeria; Remote
- Checked
- 35m ago
YC tags: Banking as a Service, Fintech, Neobank
Rank (formerly Moni): questions
Which YC batch was Rank (formerly Moni) in?
Rank (formerly Moni) was in Y Combinator's Winter 2022 batch (W22).
Is Rank (formerly Moni) still active?
Y Combinator lists Rank (formerly Moni) as active.
Where is Rank (formerly Moni) based?
Rank (formerly Moni) lists Lagos, LA, Nigeria; Remote as its location on YC's directory.
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