Moneco
About Moneco
Moneco is a financial application that enables users to open euro accounts, obtain international VISA cards, and conduct instant transfers across Europe and to 11 African countries through mobile money or bank accounts. It addresses the need for efficient cross-border money transfers and financial services for individuals relocating to France from Africa.
```xml <problem> Individuals relocating to France from Africa face challenges in accessing efficient cross-border money transfers and basic financial services, such as opening euro accounts and obtaining international VISA cards. Traditional methods often involve high fees, slow processing times, and limited accessibility. </problem> <solution> Moneco provides a mobile financial application designed to streamline financial services for individuals, particularly those of African descent, relocating to France. The app enables users to open euro accounts directly from their smartphones, obtain international VISA cards for both online and in-person transactions, and conduct instant money transfers across Europe. Moneco also facilitates remittances to 11 African countries via mobile money, bank accounts, or cash pickup. By offering a user-friendly platform with transparent pricing and robust security measures, Moneco simplifies financial management and cross-border transactions for its target demographic. The platform partners with established financial institutions to ensure regulatory compliance and the security of user funds, leveraging technologies like biometric identity verification and end-to-end encryption to mitigate fraud risks. </solution> <features> - Euro account opening directly from a smartphone with passport verification - Instant-debit VISA card for international online and in-person payments - Instant and standard euro transfers within Europe - Remittance services to 11 African countries via mobile money, bank transfer, or cash pickup - Integration with Xpollens, a Natixis subsidiary, ensuring regulatory compliance as a payment service provider agent registered with the ACPR - Biometric identity verification and end-to-end encryption for fraud prevention - Multi-factor authentication and 3DS Secure for account and card protection - Fund safeguarding up to €100,000 through a fund segregation mechanism </features> <target_audience> Moneco primarily targets individuals of Moroccan, Senegalese, Algerian, Ivorian, Malagasy, Tunisian, Cameroonian, Congolese, Malian, Togolese, Beninese, and Burkinabe descent who are relocating to or residing in France and require efficient cross-border money transfer and financial services. </target_audience> ```
What does Moneco do?
Moneco is a financial application that enables users to open euro accounts, obtain international VISA cards, and conduct instant transfers across Europe and to 11 African countries through mobile money or bank accounts. It addresses the need for efficient cross-border money transfers and financial services for individuals relocating to France from Africa.
Where is Moneco located?
Moneco is based in Halle, France.
When was Moneco founded?
Moneco was founded in 2022.
How much funding has Moneco raised?
Moneco has raised 3300000.
Who founded Moneco?
Moneco was founded by Axel Peyriere and Jimmy Kuassi KUMAKO.
- Axel Peyriere - Co-Founder/CEO
- Jimmy Kuassi KUMAKO - Co-Founder
- Location
- Halle, France
- Founded
- 2022
- Funding
- 3300000
- Employees
- 19 employees
- Major Investors
- Y Combinator, Kima Ventures, Soma Ventures