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MoniGroup 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.

2022-01-14
Active
Early
W22
20
Fintech
NigeriaAfricaRemoteFully Remote
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More About Moni

Moni - Savings, Loans, Payment & More

Introduction

Moni is your go-to platform for business loans, high-yield savings, insurance, and more, all accessible in under 5 minutes. Designed to empower African businesses, Moni offers community-powered financial solutions with no hidden fees and flexible terms.

Key Features

  • Community-Powered Loans: Unlock higher revenue with loans supported by a network of trustworthy business owners.
  • High-Yield Savings: Enjoy high-interest rates as a reward for cultivating a savings habit.
  • Flexible Loans: Tailored for merchants and SMEs with competitive interest rates.
  • Cash Insurance: Protect your business with instant cashback on claims.
  • Seamless Onboarding: Quick and easy setup for POS operators and other businesses.

Use Cases

  • Business Growth: Access capital to expand your business operations.
  • POS Operators: Obtain fast capital to manage and grow your POS business.
  • Savings: Build wealth with high-yield savings accounts.
  • Insurance: Secure your business finances with our cash insurance policy.

Pricing

Moni offers competitive and transparent pricing with no hidden fees. Flexible loan terms are available to suit the needs of merchants and SMEs, ensuring you get the best rates possible.

Teams

Moni is powered by a dedicated team focused on building community finance solutions for Africa. Our team is committed to providing innovative and simple access to financial services, ensuring that African businesses thrive.

Download the Moni app today and join a community that supports your business growth and financial well-being.