Candidature YC de Rank (formerly Moni)

Winter 2022Active

Rank (formerly Moni) a été sélectionné par Y Combinator dans le cadre du batch Winter 2022 en tant qu'entreprise Fintech. Ci-dessous : ce que fait l'entreprise, qui l'a fondée, et sa candidature à YC, reconstruite question par question dans le vrai formulaire YC.

Batch YC: Winter 2022
Secteur d'activité: FintechCredit and Lending
Taille de l'équipe: 20
Statut: Active
Lancé: 2022

Fondateurs

Femi IrominiFounder
Adedapo SobayoFounder

Ce que fait 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.

Candidature YC de Rank (formerly Moni), reconstruite

Candidature Y Combinator

Rank (formerly Moni), promotion Winter 2022. Les vraies questions de candidature, répondues à partir de données publiques.

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 réponses supplémentaires dans la candidature complète

se trouvent dans la version complète. Créez un compte gratuit pour l'ouvrir dans YC Insights, à côté de tous les autres batches YC.

Voir la candidature complète

Questions fréquemment posées

Est-ce la vraie candidature YC de Rank (formerly Moni) ?

Non. Y Combinator garde les candidatures soumises privées. Ceci est une reconstruction : les vraies questions du formulaire YC, répondues à partir des données publiques de Rank (formerly Moni) (notes de lancement, parcours des fondateurs, description du produit). Cela montre comment une entreprise comme Rank (formerly Moni) se présenterait à YC, pas le texte qu'ils ont soumis.

À quel batch YC Rank (formerly Moni) appartenait-il ?

Rank (formerly Moni) faisait partie du batch Winter 2022 de Y Combinator.

Qui a fondé Rank (formerly Moni) ?

Rank (formerly Moni) a été fondé par Femi Iromini, Adedapo Sobayo.

Que fait Rank (formerly Moni) ?

Group Financing for small businesses across Africa.

Comment lire la candidature complète reconstruite ?

Créez un compte Round Funded gratuit. La version complète de la candidature de Rank (formerly Moni) en 26 réponses, et de chaque autre promotion YC, se trouve dans YC Insights.