Rank

Rank (formerly Moni) is a community-powered money app for individuals in Nigeria who want to save, spend, pay bills, and access credit through group savings circles.

Key capabilities include:

• Tribe (Circles): Digitizes traditional group savings with fixed 6, 10, or 12-month cycles, designed to avoid chasing friends or waiting for slots to fill, and includes access to zero-interest loans.
• Savings options: Multiple ways to save based on goal and withdrawal needs, including Reserve (locked savings), Flex (save and withdraw anytime), Goals, and Premium (higher rates with priority support).
• Spend and Pay: Instant transfers to other people and bill payments in one place, including electricity, cable, and internet.
• Security and support: CBN-regulated through Rank Microfinance Bank, NDIC-insured deposits, KYC verification, two-factor authentication, bank-grade encryption, and 24/7 fraud protection and in-app customer support.

Available on Web via its AjoMoney platform, Android and iOS.

Built for B2C users (including “ambitious dreamers” saving in communities) and also relevant for small businesses and SMEs that use group financing and loans.

Notable in the Nigerian fintech market for packaging Ajo/ROSCA-style savings into an app with interest-bearing products and Circle-based lending, backed by Y Combinator (W22) and supported by a CBN-licensed microfinance bank.