Inscrição YC de Rank (formerly Moni)

Winter 2022Active

Rank (formerly Moni) passou pela Y Combinator no batch Winter 2022 como uma empresa Fintech. Abaixo: o que a empresa faz, quem a fundou e sua inscrição para a YC, reconstruída pergunta por pergunta no formulário real da YC.

Batch YC: Winter 2022
Indústria: FintechCredit and Lending
Tamanho da equipe: 20
Status: Active
Lançada: 2022

Fundadores

Femi IrominiFounder
Adedapo SobayoFounder

O que Rank (formerly Moni) faz

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.

Inscrição YC de Rank (formerly Moni), reconstruída

Inscrição Y Combinator

Rank (formerly Moni), lote Winter 2022. As verdadeiras perguntas do formulário, respondidas com dados 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 respostas a mais na inscrição completa

Founders, Progress, Idea, Equity, Curious, Batch Preference estão na versão completa. Crie uma conta gratuita para abri-la no YC Insights, ao lado de todos os outros batches da YC.

Ver inscrição completa

Perguntas Frequentes

Esta é a inscrição real da YC de Rank (formerly Moni)?

Não. A Y Combinator mantém as inscrições submetidas em privado. Esta é uma reconstrução: as perguntas reais do formulário da YC, respondidas a partir dos dados públicos de Rank (formerly Moni) (notas de lançamento, históricos de fundadores, descrição do produto). Mostra como uma empresa como Rank (formerly Moni) se apresentaria à YC, não o texto que eles submeteram.

Em qual batch da YC Rank (formerly Moni) esteve?

Rank (formerly Moni) fez parte do batch Winter 2022 da Y Combinator.

Quem fundou o Rank (formerly Moni)?

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

O que o Rank (formerly Moni) faz?

Group Financing for small businesses across Africa.

Como eu leio o application completo reconstruído?

Crie uma conta gratuita no Round Funded. A versão completa de 26 respostas do application do Rank (formerly Moni), e de todos os outros lotes do YC, está no YC Insights.