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Nigeria’s savers have money. YC-backed Rank wants to turn it into wealth.

Rank is betting that Nigerians can build wealth together by pooling small amounts of money into larger investment opportunities.

Tarun Mottlia

Via TechCabal

·Excerpt
Nigeria’s savers have money. YC-backed Rank wants to turn it into wealth.
Image: Femi Iromini, CEO and co-founder, Rank speaking at the Collective, Rank’s flagship user event. Image Source: Rank

Saving money in Nigeria has become easier, but turning those savings into wealth remains harder. Rank, a Nigerian integrated financial services and wealth management platform, wants to close that gap by pooling people’s savings so they can access investments and financial services that may be out of reach individually.

Its model is simple: combine small savings into larger pools of capital that can invest in assets and opportunities typically available to wealthier investors. The pitch comes as formal saving grows…

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