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Moni

Moni

Y Combinator LogoW22ActiveFintechBanking as a ServiceNeobank

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. 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.

Jobs at Moni

Moni
Founded:2021
Team Size:20
Location:Lagos, Nigeria

Active Founders

Femi Iromini

Cofounder & CEO at Moni. Previously worked with The World Bank Group.

Femi Iromini
Femi Iromini
Moni

Adedapo Sobayo

Co-founder Moni Africa. Passion for Digital Product, Technology, Block Chain and Financial Inclusion

Adedapo Sobayo
Adedapo Sobayo
Moni