In this episode of #foundersconnect, Peace Itimi interviews Femi Iromini, cofounder and CEO of Moni, a suite of financial products for SMEs looking to build lasting businesses and individuals looking to build wealth. Listen to Moni's transformative journey from a small WhatsApp group to a booming community backed by YC, Ventures Platform, Voltron Capital and more.

In this video, you'll
🚀 Learn about the trials and triumphs of lending in a market where trust is scarce and how Moni's focus on community and reciprocity led to a 99% repayment rate and over $22 million financed just last year!

👨‍👩‍👧‍👦 Be moved by the tales of community resilience, like the story of a man who, on the verge of giving up on life, found hope through a community loan.

📈 Discover the strategic expansion that allowed Moni Africa to diversify and mitigate risk, while still focusing on high-impact financial services tailored to African markets.

Femi Iromini shares his personal stories, the lessons he has learned, and his relentless drive to solve some of Africa's toughest problems through technology and ethical business practices.

💡 Whether you're an aspiring entrepreneur, a seasoned business owner, or someone passionate about creating change, this video is a wellspring of inspiration and practical insights.

⏰ Timestamps:
00:00 - Introduction to Moni Africa and the Co-founders’ Journey
05:00 - Overcoming Lending Challenges in Africa
10:00 - The Power of Community in Financial Services
15:00 - Moni Africa’s Expansion and Innovative Model
20:00 - Personal Backstories of the Co-founders
25:00 - From Geology to Crowdfunding: A Co-founder's Journey
30:00 - Scaling Tech and Fintech Ventures in Nigeria
35:00 - Top Entrepreneurial Lessons Learned
40:00 - The Life-Changing Impact of Community Support

https://www.moni.africa/