FairMoney

FairMoney is a Nigerian digital banking and lending platform that launched in 2017. It offers a range of financial services through its mobile application, including instant loans, savings accounts, bill payment services, and investment products. With over 17 million app downloads, FairMoney has established itself as one of Nigeria's leading neobanks. The company provides instant loans assessed using alternative data and machine learning algorithms, high-interest savings accounts, and digital banking services. FairMoney also offers investment products and business loans, catering to both individual and business needs. Its credit-led strategy focuses on acquiring customers through immediate loan offerings and then cross-selling additional banking services. FairMoney serves over 5 million users and processes more than 10,000 loan disbursements daily, aiming to support underserved consumers in Nigeria and expand its reach across Africa.