Fairmoney 2023

Fairmoney

Digital Bank That Gives Instant Loans, No Collateral Needed!

Fairmoney, a credit led neobank is a digital bank that offers banking services such as High interest savings, Free Debit cards, Quick loans without collateral, Discounted Bill payments; Airtime & Data subscription, Cable & Internet subscription in Nigeria and now India.

It was founded in Nigeria by Laurin Hainy, Matthieu Gendreau and Nicolas Berthozat in 2017 as a licensed online lender that provides instant loans and bill payments to underserved consumers in emerging markets fondly described as the mobile banking revolution for emerging markets.

Fairmoney started with its lending products because it realized that there was a huge gap in the market, as Nigerians within a certain demographic could not access credit facilities to power their businesses and lives, especially through traditional financial institutions.

Today, Fairmoney has not just been adequately filling this gap, fulfilling over 10,000 loans per day, it has also got a Micro Finance Bank license which now enables it to open current accounts for our users, and doing that on quite a big scale. It currently serves over 3.5 million registered users and an excess of 1.3 million of them are unique bank account holders.

With a goal to use technology to bank the 60 million Nigerians currently excluded from the financial ecosystem and a strong drive to become a full commercial banks, and one of the largest in Nigeria for that matter, we look forward to Fairmoney joining the 50 top brands league table in no time.