Moneco Analysis: $125K Raised
What is Moneco?
Moneco is a financial app for the diaspora, allowing users to open euro accounts, get international VISA cards, and transfer money to Africa and Europe.
Employees
8
Founded
2022
Business Model
B2C fintech services; revenue from transaction commissions and service fees.
Product Features & Capabilities
- euro account opening, international VISA payment cards, money transfers to 11 African countries, intra-Europe money transfers, biometric identity verification, personal data protection.
Pricing
- Abonnement Saba: 0€/mois
- Ouverture de compte: Gratuite
- Carte Débit physique: 20€ + 1,5€ / mois
- Paiement par carte zone Euro: Gratuit
- Virement émis: 0,25 €
- Prélèvement: Gratuit
- Retraits zone Euro: 1,50 € / retrait
- Solde minimum: 0.0€
- Frais de tenue de compte: Gratuit
- Recharge par
How much Moneco raised
(Undisclosed) - $125K
2022Lead Investor: Y Combinator
Competitors Overview
Moneco operates in a competitive landscape with several notable competitors in the financial application market, particularly targeting the diaspora. The main competitors include:
- Kredete:
- Overview: Kredete is a financial platform designed specifically for African immigrants, allowi
Market Focus
Moneco primarily focuses on the financial technology (fintech) industry, specifically catering to the diaspora by providing services such as euro accounts, international VISA payment cards, and money transfer solutions to Africa and within Europe.
Investors
- Ajim Capital
- Alan Rutledge
- Austen Allred
- Bpifrance
- De/Ce Ventures
- Y Combinator
See something that needs updating? Suggest edits to this profile.