Founding Year2022TractionMoneco 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 InvolvedY Combinator, Kima Ventures, Soma Ventures, Alan Rutledge, BloomTechFoundersBilal Dahlab, Kuassi Jimmy Kumako, Shams RadjabalyMarketNeobank for African migrants in EuropeLocationDelaware City, Delaware, USCoinvestorsKima Ventures, Soma Ventures, Alan Rutledge, CEO of BloomTech 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.