Moni, a Y Combinator–backed fintech, has officially rebranded as Rank, unveiling a new mission to build Africa’s first fully integrated, community-powered money app.
As part of the transformation, the company has acquired AjoMoney, a leading digital group-savings platform, and Zazzau Microfinance Bank, which will now operate as Rank Microfinance Bank.
The rebrand and acquisitions signal Rank’s ambition to scale community-based finance across Africa by modernising traditional savings systems such as Ajo, Tontines and ROSCAs. These community models, widely used across African markets, have historically been limited by manual operations and trust-only networks.
Digitising Africa’s Community Savings Traditions
Rank aims to digitise these long-standing financial traditions by combining technology, regulated banking infrastructure and social trust. The company plans to help individuals and businesses save, invest, borrow and grow money within trusted networks such as traders’ associations, market unions and neighbourhood cooperatives.
Boosted Scale and Regulatory Strength
The acquisition of AjoMoney brings deep expertise in rotating savings and digital group finance, while Rank Microfinance Bank strengthens the company’s regulatory footing. With its new MFB licence, Rank can now accept deposits, access NIBSS infrastructure, and offer broader financial products with improved compliance and security.
Leadership teams from both AjoMoney and Zazzau MFB are joining Rank to support product innovation, grassroots finance and community engagement.
What Leaders Are Saying
Rank CEO Femi Iromini said the rebrand marks a major evolution in the company’s journey: “Rank is about rising together. The acquisitions of AjoMoney and Zazzau Microfinance Bank accelerate our vision of a money app powered by community, trust and shared progress.”
AjoMoney CEO Ibrahim Adepoju described Rank as the natural next home for the mission his team built: “We modernised Africa’s oldest savings tradition. Rank is best positioned to take that mission to millions across the continent.”
Dr Mohammed Usman of Zazzau MFB added, “This partnership expands financial access and creates more opportunities for individuals and businesses across Africa.”
What’s Next for Users
Rank says customers can expect smoother onboarding, expanded savings options, stronger compliance and a fully integrated ecosystem where community members can save, borrow, invest and grow wealth together.
With its combined technology, regulatory strength and community focus, Rank is positioning itself as a major force in Africa’s fast-growing digital finance landscape.
