Acquisition
Nov 2025Acquired AjoMoney and Zazzau Microfinance Bank, which became Rank Microfinance Bank, to expand from lending into a broader savings, payments, and investment platform.
SourceGroup Financing for small businesses across Africa.
Company research
Public company, workplace, funding, and market signals
Overview
Rank (formerly Moni) is a Nigeria-first community finance and wealth platform that evolved from Moni Africa into a regulated money app for groups, SMEs, and consumers to save, spend, borrow, and invest together.
Primary product
Rank app / community-powered money app
Founded
2021
Headquarters
Victoria Island, Lagos, Nigeria
Team size
50-60
Work style
Flexible
Industry
Financial Services
Sub-industry
community finance and wealth-management fintech
Offices
11b Ologun Agbaje, Victoria Island, Lagos, Nigeria
548 Market St, San Francisco, California, United States
Business model
community-based lending
savings and deposits
payments
wealth management / investment advisory
microfinance banking
payroll-based financial wellness
Funding
Stage
seed
Total raised
$600K
Latest round
Seed · May 2026
Latest amount
$100K
People & investors
Leadership
Co-Founder / CEO
CTO / Co-Founder
Board Member and Investor
Work & culture
Mission-driven, community-focused, low-bureaucracy, high-ownership, clear-and-simple, and fast-moving, with an emphasis on building financial access for underserved users.
Work style
Flexible
Compensation
The careers page promises competitive, transparent compensation, but no public salary bands or visa policy were found.
Benefits
competitive, transparent compensation
top-tier work tools and facilities
ownership from day one
growth and success focus
hybrid / remote-ready / asynchronous-friendly work environment
Product & market
Pricing
Fixed service fees on savings-circle payouts, transfer fees on domestic payments, and spread/interest-based pricing on savings, lending, and yield products.
Differentiators
- —community / ROSCA-based trust underwriting
- —group responsibility used as collateral
- —licensed microfinance-bank backing
- —expert-led wealth and savings guidance
- —built for groups instead of only individuals
- —payroll-integrated savings and credit
- —high-yield savings and business yield products
Technology
bank-grade encryption
two-factor authentication
KYC verification (BVN/NIN)
NIBSS Instant Payment (NIP)
NDIC insurance
mobile apps for iOS and Android
in-app support chat
React-based product prototyping
CSV uploads
audit trails
email alerts
Customers
small businesses
SMEs
entrepreneurs
professionals
individual savers
communities
families
friends
colleagues
cooperatives
traders associations
market unions
mobile money agents
high-net-worth individuals
Competitors
PiggyVest
Cowrywise
traditional banks
other digital savings and wealth apps
Scale & contact
Estimated revenue
under $1M
Estimated monthly visits
43.5K
Signals & risks
Latest news
Disrupt Africa · Jul 2026
Independent coverage of the July 2026 product launch, emphasizing zero-interest capital, community trust, and Rank’s broader financial ecosystem.
TechCabal · Jul 2026
Details the launch of Money Circles, Tribe, and Rank Perks, plus new bank-account, payment-handle, and savings features.
TechCabal · May 2026
Covers Rank’s Financial Times recognition and frames it as validation of the company’s growth and community-powered financial model.
Signalbase · May 2026
Reports a $100K seed round for Rank, adding a newer disclosed funding event beyond earlier accelerator financing.
TechCabal · Nov 2025
Explains the Moni-to-Rank rebrand and the acquisition of AjoMoney and Zazzau Microfinance Bank as the basis for a broader savings, payments, and investment platform.
Jobs and careers at Rank (formerly Moni)
0 jobs at Rank (formerly Moni)
No open positions
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