YCW22· OtherRank (formerly Moni)
Group Financing for small businesses across Africa.
Founders
Not read from YC yet; the weekly run fills these in.
Same space
Competitors
Closest in what they build, same category.
Adjacent
Overlapping tags, a different niche.
ArcW22Banking & Funding for StartupsShared: banking as a service, fintech, neobankAcquired
AellaW17Diversified credit infrastructure powering payments across Africa.Shared: banking as a service, fintechActive
JenfiW20Jenfi provides revenue-based financing for digital businesses in AsiaShared: banking as a service, fintechActive
DayraW21Data-driven embedded Financial Services for Gig WorkersShared: banking as a service, fintechActive
ZiinaW21A digital wallet for the Middle East & North AfricaShared: fintech, neobankActive
Also from W22
Batchmates in Winter 2022.
GlepW22AI-Native Spend platform built for Real Estate businessesActive
ValariW22Embedded finance platform for LatAm.Inactive
BelozFiW22Financial health focused micro-lender in MexicoActive
ComplifW22Compliance tools & AI agents for financial companiesActive
Compra RápidaW22One-click checkout and AI sales assistant for LatAm.Active
FinkuW22AI powered personal finance app for IndonesiaActive
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.
Lagos, LA, Nigeria; Remote
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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