Aplicación YC de Rank (formerly Moni)

Winter 2022Active

Rank (formerly Moni) pasó por Y Combinator en el batch Winter 2022 como una empresa de Fintech. Abajo: qué hace la empresa, quién la fundó y su aplicación a YC, reconstruida pregunta por pregunta en el formulario real de YC.

Batch YC: Winter 2022
Industria: FintechCredit and Lending
Tamaño del equipo: 20
Estado: Active
Lanzado: 2022

Fundadores

Femi IrominiFounder
Adedapo SobayoFounder

Lo que hace 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.

Aplicación YC de Rank (formerly Moni), reconstruida

Solicitud de Y Combinator

Rank (formerly Moni), batch Winter 2022. Las preguntas reales del formulario, respondidas con datos públicos.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Rank (formerly Moni)

Describe what your company does in 50 characters or less.

Group financing for small businesses in Africa

What is your company going to make? Please describe your product and what it does or will do.

We provide group loans to small businesses across Africa. Instead of traditional collateral, the loan is backed by collective responsibility within business groups and enforced through social pressure to ensure repayment. Our platform manages loan disbursements, group formation, and repayment tracking.

Where do you live now, and where would the company be based after YC?

We live in Lagos, Nigeria, and are currently based there with a remote team. After YC, the company will remain based in Lagos with remote support.

Explain your decision regarding location.

We chose Lagos because it's the heart of Africa's small business activity and fintech innovation. Being local helps us understand and serve the 44 million SMBs in Africa who have no reliable access to credit.

21 respuestas más en la aplicación completa

están en la versión completa. Crea una cuenta gratuita para abrirla en YC Insights, junto a cada otro batch de YC.

Ver aplicación completa

Preguntas Frecuentes

¿Es esta la aplicación YC real de Rank (formerly Moni)?

No. Y Combinator mantiene privadas las aplicaciones enviadas. Esta es una reconstrucción: las preguntas reales del formulario de YC, respondidas a partir de los datos públicos de Rank (formerly Moni) (notas de lanzamiento, antecedentes de fundadores, descripción del producto). Muestra cómo una empresa como Rank (formerly Moni) se presentaría a YC, no el texto que enviaron.

¿En qué batch de YC estuvo Rank (formerly Moni)?

Rank (formerly Moni) formó parte del batch Winter 2022 de Y Combinator.

¿Quién fundó Rank (formerly Moni)?

Rank (formerly Moni) fue fundado por Femi Iromini, Adedapo Sobayo.

¿A qué se dedica Rank (formerly Moni)?

Group Financing for small businesses across Africa.

¿Cómo leo la aplicación completa reconstruida?

Crea una cuenta gratuita de Round Funded. La versión completa de 26 respuestas de la aplicación de Rank (formerly Moni), y de cada otro batch de YC, está en YC Insights.