Jaytee123 wrote: Moneco was one of the FEW approved for a very exclusive Y combinator raise (investors can do their research on this elite company) . Moneco has ten's of thousands of customers just a month after launching the app
Moneco(YC S22) as a neobank supports the African diaspora in Europe, particularly those settling in France.
Moneco solve problems for Africans by providing accessible and affordable banking services, starting with a current account, a payment card, and free remittances.
The founders, Bilal Dahlab and Jimmy KUMAKO, have a multicultural background and experience in finance, consulting, and technology, which they leverage to create a banking product tailored to the needs of the African diaspora.
Funds Raised: $3.3 Million
Accelerator: YCombinator (S22)
Target Users: African Diaspora
Year Founded: 2022
Moneco (YC S22) addresses several challenges faced by African migrants in Europe, such as:
- Ease of account opening: Moneco allows users to open an account in a few minutes using only a passport, and it provides a French IBAN.