Rank (formerly Moni)
Group Financing for small businesses across Africa.
Y CombinatorWinter 2022ActiveFintechCredit and LendingBanking as a ServiceFintechNeobank
What they do
Problem
Small businesses across Africa lack access to reliable, collateral-free financing and lenders face high default risk.
Solution
Rank provides group-based loans where collective responsibility and social pressure act as collateral to drive high repayment.
Who it's for
Small businesses across Africa seeking working capital through group financing.
Founders
Femi Iromini
Founder
Cofounder & CEO at Moni. Previously worked with The World Bank Group.
Adedapo Sobayo
Founder
Co-founder Moni Africa. Passion for Digital Product, Technology, Block Chain and Financial Inclusion
Company timeline
- Founded2021
- YC batchWinter 2022
- StatusActive
- Team size20 people
- LocationLagos, LA, Nigeria; Remote
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