Join Date
August 2024
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About Femi Iromini
Co-founder of Moni
Companies & Work
![Moni](https://bookface-images.s3.amazonaws.com/small_logos/bf5869533f1b1d2f6d799a42ec688b5405a0244f.png)
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.
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.