Community Finance powered by social trust.
That’s how we began this story, and it’s still a line that makes us smile whenever we say it out loud.
Back then, we were Moni Africa, a name that sounded like money (and yes, we leaned into that pun way too many times) but was really about people. About you, our communities, and the prosperity we wanted to build together.
Our story began in 2021, in a small town called Shapati in Ibeju-Lekki.
My good friend and co-founder, Dapo Sobayo, and I went there to visit some community members.
We realized they lacked access to funds, so right there, on the spot, we pooled together about ₦800,000 to lend to them.
To our surprise, the repayment was fast and completely seamless.
That small act of trust sparked an idea. We created a WhatsApp group to bring in more trusted community members — and that’s where it all began.
Since then, we’ve disbursed loans to over 50,000 small businesses across Nigeria, Senegal, Guinea, Conakry, and Benin Republic.
The Fintech App that was Moni
Fast forward a little. In 2022, Moni made another leap from being the “float guys” for Mobile Money Agents to becoming a full-fledged fintech app. We didn’t just serve Agents anymore; we opened our doors to everyday people who wanted to save, borrow, spend, and grow their money with a product that felt like it was built for them (because it was).
Suddenly, Moni was no longer just among POS Agents on street corners; it was on smartphones across Nigeria. We watched as users saved with us, borrowed in times of need, paid bills, funded their side hustles, and celebrated wins with screenshots of their growing balances. Our savings product paid out some of the highest interest rates in the market, and our credit products helped families and businesses breathe a little easier.
In fact, by 2023 alone, we had disbursed nearly ₦67 billion in loans to over 20,000 businesses, achieving a 96% repayment rate thanks to our partnerships with some of the largest trade associations across the country. What started with a community of POS Agents quickly scaled into a nationwide movement of entrepreneurs, small businesses, and individuals unlocking prosperity together.
We were humbled, too, to see that the same trust and community model that worked with mobile money agents translated beautifully into personal finance. Users invited their friends, their families, and their colleagues. Growth, once again, was powered by people.
But Moni was never just about the features. It was about spirit. It’s about shared prosperity, about being there for our users, not just in the good times but in the tough ones too. From Shapati to YC to the thousands of users who trusted us with their financial journeys, Moni has been a story of bold bets, hard lessons, and the joy of seeing real lives changed.
So, why are we telling you all this now?
Because like every good story, Moni’s has chapters. The chapter of Moni Africa has been one of experimentation, grit, and growth. But we’ve always believed in looking beyond what we’re doing to how we’re doing it.
And now, it’s time to turn the page.
A new name.
A new identity.
A bigger vision.
Moni Africa is becoming something more.
Welcome to the era of Rank.
Welcome to a New Rank
A new name. A new identity. A bigger vision.
If Moni was our first chapter, then Rank is the next era. And this era comes with a simple promise: to make prosperity common.
For too long, the path from exclusion to prosperity has been blocked by steep interest rates, rigid requirements, and financial systems that simply don’t reflect the way most of us live. We believe background, race, or status should never stand in the way of opportunity. Money should move freely, for everyone.
With Rank, we’re not imagining a world where prosperity is shared. We’re building it.
Closing the access gap
We started Rank to close the financial access gap. Because prosperity should be progressive, and it’s most powerful when it’s shared. We’ve built Rank on two timeless insights. First, that the right credit, tailored to local realities, doesn’t just tide people over — it transforms lives. Second, that prosperity is contagious. When people thrive, their families, businesses, and communities thrive too.
Our mission is simple: to build a world where financial access unlocks opportunity, fuels shared prosperity and empowers every person to move forward.
Our vision is clear: to empower people and businesses with simple, inclusive tools to save, borrow, spend, and manage money all in one place — creating pathways to prosperity that reflect their realities and ambitions.
What this means for you
If you loved Moni, you’ll feel right at home in Rank. Rank is the next evolution of what we started years ago, shaped by the lessons of Moni and sharpened by the ambition to make prosperity common. Zero-interest loans, Circles, and a richer suite of money tools and services are just the beginning.
We’ve always believed that trust and community are the strongest currencies in Africa. With Rank, we’re scaling that belief into a system where prosperity isn’t just possible, it’s inevitable for everyone.
Rank in Action: Products and Services Built for You
So what does this “new era” really mean for you? Simple: more tools, more freedom, and more ways to make prosperity part of your everyday life. Here’s how Rank works for you, your money, and your business.
Rank for You
Reserve
Saving money is great. Earning up to 23% per annum while doing it? Even better. Reserve is for those who want discipline and big returns. Lock your funds for 90 days or more and enjoy some of the best rates in the market.
Goals
Think of Goals like Spotify playlists, but for your money. Name your goal, set your target, choose how often you want to save, and watch the balance (and your dreams) stack up. Goals help you save consistently and earn up to 19% per year while you do it.
Spend with Rank
There’s a better way to move your money. With low fees, instant transfers, and personal tags that keep everything organized, Rank makes sending and receiving money simple and secure. And it’s not just transfers; you can handle your bills too. From airtime to electricity, internet to TV, everything gets sorted in just a few taps. You’ll always see exactly where your money goes and maybe, for the first time, even enjoy paying your bills.
Rank Premium
Your money deserves VIP treatment. Get access to dedicated advisors, smarter wealth strategies, and up to 30% interest per annum.
Rank for Your Business
Yield
Your business cash deserves a side hustle too.
With Rank Yield, your idle business funds earn up to 27% returns per annum — that’s 3x more than traditional banks. Flexible liquidity means you can access your cash within 48 hours, while professional advisors ensure your money is always working in sync with your business goals.
Group Business Loan
Go farther, together. Stock your shelves, grow your outlet, or expand your business with loans designed for small businesses. By pooling risk across group members, we keep interest rates lower and repayment stress-free. Build credit history while growing your business and unlock bigger opportunities down the line.
Rank Grow Business Loan
Get up to ₦10 million with Rank Grow.
Because sometimes your business can’t wait three months for a bank to make up its mind. Rank Grow gives you fast, collateral-free working capital with transparent fees and flexible terms. Repay on time, and you’ll unlock even bigger loans with better rates.
Rank is more than a new name; it’s a commitment. A commitment to build financial tools that are simple, fair, and designed for real lives. From zero-interest credit to the best interest rates on savings and from community-powered circles to business loans that unlock growth, Rank puts opportunity in your hands.
Start today. Download the Rank app and take your next step toward financial freedom, security, and growth, all in one place.
