What it sells
Group Financing for small businesses across Africa.
Business model breakdown
Buyer: who owns the budget?
UnverifiedIndividuals and communities in Nigeria (CBN-licensed, +234 phone) saving via ajo/esusu circles.
Trigger: what makes them buy now?
Need capital without debt traps; rotating savings groups lack vetting and payout guarantees.
Workflow: what inputs become what output?
Join a Circle, contribute monthly, one member receives the full pot each month; members are vetted by behavioral data, credit scores and income tiers; Rank steps in if someone defaults.
Economics: what it saves and how it charges
UnverifiedFee/margin from circle participation, savings and managed investment products (investments with dedicated wealth manager); no interest to members on circles.
Distribution: how it reaches customers
Mobile app download, campus ambassadors, referral program, community activation.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2022 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.