Moni Africa, a Nigerian fintech startup, has rebranded as Rank to enhance its mission to support small businesses in Africa. As part of the development, the YC-backed startup has also acquired AjoMoney, a digital group-savings platform, and Zazzau Microfinance Bank.
Moni Africa understands that the greatest struggle of most businesses at launch is working capital. With this, the startup has provided funds to offer low-interest loans to communities of mobile money agents through a referral-and-trust-vetting system.
The startup’s group savings solution, which centres around trusted networks such as traders’ associations and cooperatives, continues to propel its financing solutions for African small businesses. In that, a recent pilot phase with 10,000 users delivered a disbursement of N16 billion, backed by treasury bills and money markets with returns of 23%.
Read more: https://technext24.com/2025/11/11/moni-africa-rebrands-as-rank-buys-zazzau/?utm_source=chatgpt.com#google_vignette
