Moneco
About this raise
Moneco, with a valuation of $20 million, is raising funds on Wefunder. It is the first neobank for 400 million French-speaking Africans. Moneco caters to African migrants in Europe who send remittances to unbanked people in Africa and aims to put them all in the same financial ecosystem. The platform was officially launched in April 2024 and received 40,000 signups three months later. Bilal Dahlab, Shams Radjabaly, and Kuassi Jimmy Kumako founded Moneco in February 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for operating capital and product development.
Investment Overview
Committed $199,941 :
Deal Terms
Company & Team
Company
- Year Founded
- 2022
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $36,250
- Monthly Burn
- $40,000
-
Runway
- 8.8 months
- Gross Margin
- 97%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,150,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2025 | Wefunder | $20,000,000 | $199,941 | SAFE | Active | RegCF |