Moneco, a neobank for the African diaspora in Europe, highlighted a $146,700 Wefunder raise and new stablecoin wallets plus SEPA and ACH rails.
Moneco is a neobank focused on Africans in Europe.
It highlighted a $146,700 Wefunder crowdfunding round from early 2025.
The company also expanded its product with stablecoin-backed wallets and more international payment rails.
Moneco is positioning itself as a euro banking and remittance app for the African diaspora in Europe, with an early focus on French-speaking Africans.
According to a May 4, 2026 report, the startup raised about $146,700 via Wefunder in early 2025. The raise was structured as a RegCF SAFE, which is a crowdfunding investment contract that can convert into shares later. It also had a $20 million valuation cap, which is the maximum valuation used to calculate the investor’s eventual conversion price.
Moneco said it planned to use the funds for operating capital and product development. Since launch, it has been adding features typically expected from a digital bank, including euro accounts, payment cards, and cross-border transfers.
The company has also participated in Visa’s Inclusive Fintech Accelerator. Accelerators are structured programs that provide mentorship, training, and sometimes funding to help startups grow faster.
On the product side, Moneco added stablecoin-backed wallets, including EURC and USDC. Stablecoins are cryptocurrencies designed to track the value of a currency like the euro or US dollar, similar to “digital cash” that moves on crypto rails. It also expanded access to payment rails like SEPA and ACH, which are bank transfer networks used in Europe and the United States.
Diaspora-focused banking sits at the intersection of neobanking and remittances, where users often face high fees, slow transfers, and limited access to mainstream credit.
By combining traditional rails like SEPA with stablecoin wallets, Moneco is betting it can reduce friction in cross-border money movement while keeping the experience familiar for users who want an IBAN account and a card.
The update also shows how early-stage fintechs are mixing funding sources, including community crowdfunding and accelerator support, as they work toward regulatory readiness and broader product lines like savings and credit.
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