Moni Rebrands to Rank, Acquires AjoMoney and Zazzau MFB to Launch Africa's First Community-Focused Money App
Nigerian fintech startup Moni has rebranded to Rank and acquired AjoMoney and Zazzau MFB to develop Africa's inaugural community-centric money app. The move signifies Rank's evolution from a lending platform to a comprehensive digital financial ecosystem.
By integrating AjoMoney's digital thrift savings technology and Zazzau MFB's banking license, Rank plans to offer a range of community-driven financial services like savings, credit, investment, and payments within a single app. Femi Iromini, CEO of Rank, envisions empowering groups and communities financially, reflecting the company's mission to scale Africa's communal financial traditions with transparency and inclusivity.
Plus234Feed summary based on reporting from Ripples Nigeria. Read the original report below.
Read full article
Continue on Ripples Nigeria
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Moniepoint Emerges as Africa's Top Fintech Force, Wins Triple Awards in 2025
Moniepoint Secures $90M Funding Led by Visa and Google for African Fintech Expansion
Moniepoint Faces $1.2M Loss in UK Expansion, Acquires Bancom Europe for Growth
UBA and VERICASH Spearhead Africa's Digital Banking Revolution
Maoni App Revolutionizes Authentic Reviews for Nigerian Businesses
Zojapay Relaunches Payment Platform in Nigeria, Offering Rewards for Everyday Bills and Subscriptions
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
