Funding Details
- Awarder
- WeFunder
- Date Award
- June 13, 2024
- Vertical
- Fintech and Finance
- Funding URL
- View Funding Page
- Valuation
-
$20,000,000
Company Info
- Founding Year
- 2022
- Traction
- Moneco is in private beta with approximately 100 users who have sent remittances totaling $8k GTV in 2 weeks. They are targeting a market of 5.8 million people with a potential of $2.6 billion by 2025.
- Organizations Involved
- Y Combinator, Kima Ventures, Soma Ventures, Alan Rutledge, BloomTech
- Founders
- Bilal Dahlab, Kuassi Jimmy Kumako, Shams Radjabaly
- Company Description
- Moneco is a neobank addressing the African diaspora in Europe with tailored financial products. They aim to provide unique financial products such as free remittances and tontines to the African diaspora in Europe, with plans to expand services to include health insurance, SIM cards, and access to stocks/crypto. Moneco is focused on offering efficient and cheap global money sending services.
- Market
- Neobank for African migrants in Europe
- Location
-
Delaware City,
Delaware,
US
- Coinvestors
- Kima Ventures, Soma Ventures, Alan Rutledge, CEO of BloomTech
Links