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Mamamoni

Full company profile

uuid0004nxs

Namestring
Mamamoni
Legal namestring
Mamamoni Limited
Websiteurl
mamamoni.org
Company typeenum
Private
Founded yearint
2015
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersLagos, Nigeria
HQ citystring
Lagos
HQ countrystring
Nigeria
HQ regionstring
Africa
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
agency banking services, mobile payment app, bill payment platform, money transfer service, financial inclusion
Industry3 codes
1Underbanked/Financial Inclusion Neobanks
CodeFSABAFAJPrimaryYes
2Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails)
CodeFSAGABAJPrimaryNo
3Bank Bill Pay (Consumer & Small Business)
CodeFSAMAJACPrimaryNo
NAICS code1 code
  • Financial Transactions Processing, Reserve, and Clearinghouse Activities522320
SIC code1 code
  • Finance Services6199
Product category
Digital Financial Services
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model2 records
1Agency Banking Transactions
TypeTransaction Fee
Description

Mamamoni generates revenue through financial transactions conducted by its female agent network, including money transfers, bill payments, and other agency banking services, facilitated through VFD Microfinance Bank.

mamamoni.co
2Herpay Payments App
TypeTransaction Fee
Description

Revenue derived from payment transactions processed through the Herpay mobile application, which aims to onboard 500,000 women by end of 2024.

mamamoni.co
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Technology or R&D, Operations, Marketing or Sales
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 3 records shown
1MamamoniPOS
Description

Agency banking service exclusively composed of female agents for seamless financial transactions including money transfers and bill payments.

mamamoni.co
+2 more records
Core offering1 text field

Mamamoni is a Nigerian fintech social enterprise that delivers digital financial services to underserved women through MamamoniPOS agency banking (money transfers and bill payments operated by an exclusively female agent network) and the Herpay mobile payments application, both integrated with VFD Microfinance Bank's licensed banking infrastructure. The financial services offering is bundled with the FemHealth healthcare initiative and free financial, digital skills, and business development training programs for female entrepreneurs.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 60% increase in household income for women impacted by Mamamoni's programs
+3 more records
Product overview1 text field

Mamamoni is a Nigerian fintech social enterprise operating as a unified platform providing digital financial solutions tailored for women. The core offering is MamamoniPOS, an agency banking service delivered through a network of exclusively female agents enabling money transfers and bill payments. The company complements its financial services with FemHealth, a healthcare initiative for underserved women, and Financial and Business Trainings covering Finance, Digital Skills, and Business Development. Herpay is an additional payment application launched with CFYE funding to scale financial inclusion outreach.

Product and service4 records
1MamamoniPOS
2Herpay
CategoryMobile payments app
Description

Payment mobile application designed to improve financial inclusion for low-income women in Nigeria, enabling digital financial services and self-serve onboarding, with a stated target to onboard 500,000 women by end of 2024.

3FemHealth
CategoryHealthcare services for women
Description

Healthcare initiative focused on delivering essential and affordable medical services to underserved and economically disadvantaged women in Nigeria, integrated with Mamamoni's financial services offering.

4Financial and Business Trainings
CategoryFinancial and business education / Training programs
Description

Complimentary training programs tailored for female entrepreneurs and female agents, covering Finance, Digital Skills, and Business Development to support economic empowerment and operational readiness of the agent network.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1VFD Microfinance Bank
Strategic tierCoreTypeTechnology or Integration
Description

Mamamoni partners with VFD Microfinance Bank as its primary banking partner for agency banking services. The bank provides the regulatory and infrastructure backbone enabling Mamamoni's agents to offer money transfers, bill payments, and other financial services. This is a formal partner confirmed on the company website.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat4 records

Each record includes

Type, Details

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors3 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Mamamoni

Digital Financial Servicesmamamoni.org

Mamamoni firmographics

Firmographics
Name
Mamamoni
Legal name
Mamamoni Limited
Website
https://mamamoni.org
Company type
Private
Founded year
2015
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Mamamoni industry classification

Industry
Product category
Digital Financial Services
NAICS
Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
SIC
Finance Services (6199)
akta.pro primary industry
Underbanked/Financial Inclusion Neobanks (FSABAFAJ)
akta.pro secondary industries
Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Bank Bill Pay (Consumer & Small Business) (FSAMAJAC)

Keywords

  • Agency banking services
  • Mobile payment app
  • Bill payment platform
  • Money transfer service
  • Financial inclusion

Where Mamamoni is headquartered

Location

Headquarters

HQ city
Lagos
HQ country
Nigeria
HQ region
Africa

Offices1 record

Markets served

Mamamoni business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

  1. Agency Banking Transactions: Mamamoni generates revenue through financial transactions conducted by its female agent network, including money transfers, bill payments, and other agency banking services, facilitated through VFD Microfinance Bank.
  2. Herpay Payments App: Revenue derived from payment transactions processed through the Herpay mobile application, which aims to onboard 500,000 women by end of 2024.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Mamamoni product offering

Product offering

Core offering

Mamamoni is a Nigerian fintech social enterprise that delivers digital financial services to underserved women through MamamoniPOS agency banking (money transfers and bill payments operated by an exclusively female agent network) and the Herpay mobile payments application, both integrated with VFD Microfinance Bank's licensed banking infrastructure. The financial services offering is bundled with the FemHealth healthcare initiative and free financial, digital skills, and business development training programs for female entrepreneurs.

Product overview

Mamamoni is a Nigerian fintech social enterprise operating as a unified platform providing digital financial solutions tailored for women. The core offering is MamamoniPOS, an agency banking service delivered through a network of exclusively female agents enabling money transfers and bill payments. The company complements its financial services with FemHealth, a healthcare initiative for underserved women, and Financial and Business Trainings covering Finance, Digital Skills, and Business Development. Herpay is an additional payment application launched with CFYE funding to scale financial inclusion outreach.

Differentiator

Problem solved

Functional benefit

Brands

  • MamamoniPOS: Agency banking service exclusively composed of female agents for seamless financial transactions including money transfers and bill payments.
  • FemHealth
  • Herpay

Products and services

  • MamamoniPOS
  • Herpay Payment mobile application designed to improve financial inclusion for low-income women in Nigeria, enabling digital financial services and self-serve onboarding, with a stated target to onboard 500,000 women by end of 2024.
  • FemHealth Healthcare initiative focused on delivering essential and affordable medical services to underserved and economically disadvantaged women in Nigeria, integrated with Mamamoni's financial services offering.
  • Financial and Business Trainings Complimentary training programs tailored for female entrepreneurs and female agents, covering Finance, Digital Skills, and Business Development to support economic empowerment and operational readiness of the agent network.

Quantifiable outcome

  • 60% increase in household income for women impacted by Mamamoni's programs
  • +3 more outcomes

Companies that use Mamamoni

Customer profile

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Mamamoni technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Mamamoni partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • VFD Microfinance BankcoreTechnology or IntegrationMamamoni partners with VFD Microfinance Bank as its primary banking partner for agency banking services. The bank provides the regulatory and infrastructure backbone enabling Mamamoni's agents to offer money transfers, bill payments, and other financial services. This is a formal partner confirmed on the company website.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Mamamoni competitors and assessment

Company assessment

Market position

Competitive moat4 records

Customer concentration

Mamamoni social profiles

Digital presence

Mamamoni financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Mamamoni leadership team

Management profile

Number of profiles

Mamamoni funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Mamamoni M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mamamoni

What does Mamamoni do?

Mamamoni is a Nigerian fintech social enterprise that delivers digital financial services to underserved women through MamamoniPOS agency banking (money transfers and bill payments operated by an exclusively female agent network) and the Herpay mobile payments application, both integrated with VFD Microfinance Bank's licensed banking infrastructure. The financial services offering is bundled with the FemHealth healthcare initiative and free financial, digital skills, and business development training programs for female entrepreneurs.

Is Mamamoni a public or private company?

Mamamoni is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Mamamoni founded?

Mamamoni was founded in 2015. It employs 1 to 10 people.

Where is Mamamoni based?

Mamamoni is headquartered in Lagos, Nigeria, in the Africa region.

How does Mamamoni make money?

Two revenue lines are on record. Agency Banking Transactions are the primary driver. The others are herpay Payments App.

Does Mamamoni have an API?

No public API is recorded for Mamamoni.

What industry is Mamamoni in?

Mamamoni's product category is Digital Financial Services. Its primary akta.pro industry code is FSABAFAJ, Underbanked/Financial Inclusion Neobanks, with a secondary code of FSAGABAJ, Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails). Its NAICS code is 522320 and its SIC code is 6199.

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Live signals
WeeTrackerNigerian Fintech Mamamoni Receives USD 270 K To Scale Agent NetworkNigerian fintech Mamamoni has secured €250,000 (USD 270 K) in milestone-based funding from the Challenge For Youth Employment (CFYE) to expand its network of female agents. The company plans to grow this agent base to over 2,000 women by the end of 2024, with assistance from VFD Microfinance Bank, while also aiming to onboard 500,000 users to its Herpay app.Innovation-villageNigerian fintech Mamamoni, dedicated to women empowerment, receives €250,000 to expand agent network - Innovation VillageMamamoni, a Nigerian fintech social enterprise, has secured a €250,000 funding grant from the Challenge For Youth Employment (CFYE) to expand its network of female agents. This funding is contingent on achieving specific milestones over two years and aims to empower low-income women in Nigeria by providing them necessary skills for financial independence. Mamamoni plans to broaden its agent network to over 2,000 women by the end of 2024 and to launch Herpay, a payment app targeting women.LinkedIn#mamamoni #startups #techinafrica #fundraising #fintech #cfye #empowerwomen #digitaljobs #financialinclusion #digitalfinanceMamamoni Limited has secured €250,000 in funding from the Challenge Fund for Youth Employment (CFYE) to expand its female agent network in Nigeria. The initiative, which involves a total investment of €500,000 over two years, aims to create over 2,000 digital jobs for unemployed women aged 18 to 35 through training and Point-of-Sale services. VFD Microfinance Bank is participating in the consortium to collaborate with Mamamoni on equipping these agents with necessary resources.