Moneco

Moneco

Open  for investment

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.

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Investment Overview

Committed this round: $199,941

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/30/2025
Close Date
04/30/2025
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Middletown, Delaware
Business Type
High Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Kuassi Jimmy Kumako
Title
CTO
Founder Name
Bilal Dahlab
Title
CEO
Founder Name
Shams Radjabaly
Title
COO

Financials

as of January 1, 2025
 Revenue
$36,250
 Monthly Burn
$40,000
 Runway
8.8 months
Gross Margin
97%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$36,250

$0

COGS

$1,070

$0

Tax

$24,400

$0

 

 

Net Income

$-448,388

$-201,410

Summary Balance Sheet

FY 2023 FY 2022

Cash

$396,691

$250,000

Accounts Receivable

$48,312

$47,293

Total Assets

$449,253

$733,919

Short-Term Debt

$12,402

$1,038

Long-Term Debt

$1,095,878

$930,041

Total Liabilities

$1,108,280

$931,079

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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
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Add to portfolio
Moneco on Wefunder 2025
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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