Rank Capital, a proprietary investment platform providing professional wealth management and investment services, has been named the 7th fastest-growing financial technology company, the 6th in Nigeria and the 12th overall fastest-growing company in Africa on the Financial Times’ annual “Africa’s Fastest Growing Companies” list.
The annual ranking, compiled by the Financial Times in collaboration with Statista, identifies the top 100 African companies that have shown the highest compound annual growth rate (CAGR) in revenues. Rank Capital’s high placement underscores its rapid growth and the viability of its unique community-powered model in the Nigerian financial services sector. It also places it among an elite group of African startups that have maintained high-velocity growth despite global economic headwinds.
Rank Capital is a subsidiary of Rank, an integrated financial services and Proprietary Investment Holding firm, on a mission to make prosperity common for Africans. At the core of Rank’s success is a fundamental belief: human connection is the greatest leverage. Before institutions existed, communities built wealth together through trust, contribution, and shared systems. Rank’s mission is to prove that while technology changes the landscape, it doesn’t change this human truth – it scales it. Over the last 12 months, Rank has paid out more than $100 million to users across various communities.
Femi Iromini, CEO and Co-Founder of Rank, said, “Rank Capital’s ranking is a powerful validation of our mission to make prosperity common. By blending modern technology with the age-old power of social trust, we are proving that community-powered wealth-building is not just viable – it is the future. This milestone belongs to our users and partners who believe that we can rise faster when we rise together.”
The recognition follows a transformative period for the wider company, which recently rebranded from ‘Moni’ to Rank and completed the strategic acquisitions of AjoMoney and Zazzau Microfinance Bank (now Rank MFB). These acquisitions complete a comprehensive financial ecosystem designed to serve users at every stage of their economic journey; Rank Microfinance Bank provides inclusive banking at scale while creating meaningful impact where it matters most, Rank Capital delivers sophisticated wealth management solutions and Rank App, a money app for communities to save, invest and spend together. Together, they offer a seamless environment for users to transition from basic banking to high-level wealth creation.
With backing from prominent investors including Y Combinator, Good Water Capital, Arash Ferdowsi (Co-founder of Dropbox), Ventures Platform, Magic Fund and Voltron Capital, Rank continues to scale its operations, ensuring that ambitious dreamers across Africa have the capital and structures they need to thrive.
Starting in Nigeria, Rank is leveraging the demographic weight and digital fluency of young people across Africa to unlock wealth-creation opportunities at scale. By building systems that harness human connection, Rank is redefining the future of finance in Africa – one where prosperity isn’t just achieved alone, but together.
