Moneco (YC S22)

Neobank for 400m French-Speaking Africans

https://wefunder.com/moneco

Total raised on Wefunder: 124000

Total investors: 275

Quick facts

  • First Neobank for Africans with a focus on French speaking regions (400m inhabitants, 300m unbanked)
  • Official launch in April 24', 40k sign-ups 3 months later
  • Addressing a market of 20m in Europe (diaspora) and 400m people in Africa
  • Only Neobank enabling its users to open account with only their passport
  • Only Neobank offering banking services and remittances in the same app, in French speaking Africa
  • $1.5m raised from YC, Kima Ventures, Soma Ventures, Alan Rutledge, CEO of BloomTech, HoaQ, etc.
  • Business model with revenue in EUR and costs in African currencies, operational costs very low

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Moneco (YC S22)

Neobank for 400m French-Speaking Africans

Funded badge
Last Funded March 2025

$124,000

raised from 275 investors

What Investors Say

LEAD INVESTOR
Invested $500 this round
I am really excited to be investing in Moneco! As the first neobank dedicated to Africans, with a focus on French-speaking regions, encompassing 400 million people, Moneco stood out to me with their mission to addresses a critical need for financial inclusion currently poorly addressed by traditional banking systems. I am very impressed about how easy it is for their users to open an account with just a passport which is a a game-changer for migrants who face significant barriers accessing financial services. The user experience on the app is really nice and friendly. Their momentum since the Beta launch with 40,000 sign-ups in just 3 months is incredible and demonstrates substantial demand and trust in the platform. I am really excited to see how many more users they are able to onboard in the next year. Finally, the founding team is bringing a unique blend of strategic / business / technical and operational skills in this adventure which will be key for them to continuing growing and scaling. I can't wait what's next for Moneco!
What People Say