Dapo Sobayo
About Dapo Sobayo
Dapo Sobayo is a co-founder and engineering leader at Moni, a company that finances small businesses across Africa and is backed by prominent investors including Y Combinator.
Dapo Sobayo - Co-founder and Engineering Leader
Dapo Sobayo is a co-founder and serves in a leadership role in engineering at Moni, a fintech company based in Lagos, Nigeria. Moni focuses on financing small businesses in Africa using collective responsibility as collateral. With a robust background in technology development, Dapo has been instrumental in the company's growth and success. Moni is supported by Y Combinator, Magic Fund, Ventures Platform, and Voltron Capital, among others.
Dapo Sobayo's Role in Digital Lending App Development
Before co-founding Moni, Dapo Sobayo led the development of technology for one of the largest digital lending apps. His expertise in digital finance has been pivotal in the fintech industry, particularly in improving the efficiency and scale of digital lending platforms. This experience laid a strong foundation for his innovative work at Moni.
Achievements at Moni - Financial Technology Innovation
Dapo Sobayo has been integral to Moni's achievements, including reaching 99% repayment on 11,000 loan units with over $5 million disbursed within seven months of launch. The company has $72k Monthly Recurring Revenue (MRR), growing at 50% Month-over-Month (MoM). Moni's innovative approach to using group responsibility as collateral has proven successful in the African market.
Moni's Backing by Prominent Investors
Moni enjoys support from renowned investors, including Y Combinator (W22), Magic Fund, Ventures Platform, and Voltron Capital. These partnerships underscore the company's potential and Dapo Sobayo's role in attracting such significant backing through his technological expertise and visionary leadership.
Dapo Sobayo's Professional Online Presence
Dapo Sobayo maintains a professional profile on LinkedIn. His LinkedIn page provides further insights into his career achievements, professional background, and ongoing projects at Moni. This professional presence complements Moni's feature on 'Our Company' page, highlighting his contributions to the team's success.