Monicircle

We build for people who trust each other with money.

Monicircle exists to make it easier to save together, and to build trust around money between people in communities and across organisations.

Three young women laughing together outdoors, the kind of everyday community Monicircle is built for
Who we are

A Nigerian technology companyfor the way we save together.

Across Nigeria, people have always pooled money: in ajo and esusu, in cooperatives, in associations, in staff welfare schemes. The trust is already there. What’s missing is a record everyone can see.

Monicircle Technologies Limited is building that record. We’re preparing to launch, and we’re starting with the people who run these groups every day.

  • Based in Lagos, Nigeria
  • A technology company, not a bank
  • Preparing to launch, opening to groups in stages
Our mission

To make it easier to save together, and to build trust around money between people in communities and across organisations.

  • Save together

    Make contributing, collecting and paying out simple enough for any group to run.

  • Build trust

    Give every member the same record, so trust never depends on one person.

  • Communities and organisations

    From twelve neighbours saving together to a cooperative of hundreds or a staff welfare scheme.

What we believe

Five promises behindevery decision we make.

  1. 01

    Structure

    Every circle runs on rules its members agreed to, not on memory.

  2. 02

    Transparency

    Members see exactly what admins see. Nothing is hidden.

  3. 03

    Accountability

    Every change leaves a trail. Nothing is quietly edited or deleted.

  4. 04

    Simplicity

    Easy on mobile and web, and admins can help members without smartphones.

  5. 05

    Trust

    We never hold your money. A regulated bank does.

Our role

We keep the record.A regulated bank holds the money.

Here’s who does what when your circle uses Monicircle.

Your circle

Admin and members

The admin runs the circle and decides who joins. Members agree the rules and pay in.

Pays in

Our banking partner

Regulated by the CBN

Holds the group’s money and processes payments, so Monicircle never does.

Kept in sync

Monicircle

Keeps the record

Records every payment and shows every member the same picture.

What Monicircle does

  • Organises circles, members and the rules they agree
  • Records every contribution, dated and tied to a person
  • Shows every member and admin the same picture
  • Sends reminders and applies the late fees members agreed

What Monicircle doesn’t do

  • Hold your money. Our banking partner does.
  • Run your circle or choose its members. Your admin does.
  • Cover missed payments, so only invite people you trust.
  • Charge you. Monicircle is free to use.
Early accessOpening to groups soon

Get your circle in early.Free for every circle.

Sign up as the person who runs your group. We’ll help you set up your circle and bring your members in.

  • 100% free to use, with no subscription
  • A ready-made template to bring your existing records across
  • Works on mobile and web, and admins can help members without smartphones

Join the waitlist

No payment details needed. We’ll only contact you about early access.