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Moni

Group Financing for small businesses across Africa.

Company

Locations
Remote / Lagos, LA, Nigeria
Team Size
20
Industries
Financial Technology, Credit and Lending
About
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.

Founders

A list of all active founders
NameTitleEmail
Femi Iromini
Founder
Adedapo Sobayo
Founder